Redington climbs on entering into strategic partnership with Zoho Corporation
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Redington is currently trading at Rs. 222.85, up by 7.10 points or 3.29% from its previous closing of Rs. 215.75 on the BSE.
The scrip opened at Rs. 216.45 and has touched a high and low of Rs. 225.80 and Rs. 216.20 respectively. So far 175208 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 226.80 on 03-Apr-2024 and a 52 week low of Rs. 136.25 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 226.80 and Rs. 207.70 respectively. The current market cap of the company is Rs. 17378.85 crore.
The Institutions and Non-Institutions held 74.94% and 25.06%, stake in the company respectively.
Redington has entered into a strategic partnership with Zoho Corporation, a leading global technology company. This alliance aims to bring Zoho's industry-leading cloud solutions for office productivity, team collaboration, and customer engagement to a broader customer base in India by leveraging Redington's extensive network of partners.
Through this partnership, Redington will leverage its wide distribution network to offer a range of Zoho solutions, including Zoho Workplace (Unified enterprise collaboration platform), Bigin by Zoho CRM (Pipeline-centric CRM solution for small and micro businesses), and Zoho ZeptoMail (Transactional email delivery solution) to businesses of all sizes. These solutions are tailored to streamline operations, boost productivity, and drive growth across diverse industries.
The company is engaged in the business of distribution of information technology, mobility and other technology products besides supply chain solutions. The company has an operating branch in Singapore. The Company, its subsidiaries and associate operates in India, Middle East, Turkey, Africa, and South Asian countries.
