Powered by: Motilal Oswal
2025-09-04 11:30:31 am | Source: Accord Fintech
Redington moves up on entering into strRedington moves up on entering into strategic distribution agreement with CrowdStrikeategic distribution agreement with CrowdStrike
Redington moves up on entering into strRedington moves up on entering into strategic distribution agreement with CrowdStrikeategic distribution agreement with CrowdStrike

Redington is currently trading at Rs. 240.70, up by 3.30 points or 1.39% from its previous closing of Rs. 237.40 on the BSE.

The scrip opened at Rs. 240.15 and has touched a high and low of Rs. 241.75 and Rs. 238.10 respectively. So far 17077 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 334.90 on 30-Jun-2025 and a 52 week low of Rs. 159.10 on 25-Oct-2024.

Last one week high and low of the scrip stood at Rs. 246.60 and Rs. 233.20 respectively. The current market cap of the company is Rs. 18657.05 crore.

The Institutions and Non-Institutions held 79.29% and 20.71% stake respectively in the company.

Redington has entered into a strategic distribution agreement with CrowdStrike, to bring the AI-native CrowdStrike Falcon platform to Redington’s customers and partners across India. This partnership strengthens Redington’s channel reach, expands CrowdStrike’s regional channel ecosystem, and ensures Redington’s partner base of leading resellers to drive vendor consolidation and prevent breaches with cybersecurity’s leading platform for the AI era. 

This partnership with CrowdStrike augments Redington’s vast portfolio of cybersecurity solutions. It further leverages partners and enables them to deliver innovative and advanced protection across endpoints, cloud, and data. Redington will leverage its expansive channel network to drive growth in tier one, two, and three markets across India, through a range of strategic go-to-market initiatives, including field and inside sales, demand generation, and amplification on its digital e-commerce platform. Additionally, Redington will also provide customers and partners with dedicated presales and post-sales technical support to ensure seamless deployment of the Falcon platform.

Redington is engaged in the business of distribution of information technology, mobility and other technology products besides supply chain solutions.

 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here