Redington rises on inking pact with Siemens Digital Industries Software
Redington is currently trading at Rs. 395.00, up by 2.80 points or 0.71% from its previous closing of Rs. 392.20 on the BSE.
The scrip opened at Rs. 396.15 and has touched a high and low of Rs. 397.30 and Rs. 384.35 respectively. So far 205233 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 403.55 on 10-Sep-2026 and a 52 week low of Rs. 191.25 on 02-Apr-2026.
Last one week high and low of the scrip stood at Rs. 403.55 and Rs. 369.55 respectively. The current market cap of the company is Rs. 30403.21 crore.
The Institutions and Non-Institutions held 78.39% and 21.61% stake in the company respectively.
Redington has signed agreement with Siemens Digital Industries Software. This agreement brings the full power of the Siemens Xcelerator portfolio of industrial software to six key African markets: Egypt, Kenya, Ethiopia, Nigeria, Morocco and Tanzania, with plans to expand into further regions in the future.
Through this collaboration, engineers and designers across the continent will gain access to best-in-class solutions, including Teamcenter software for product lifecycle management (PLM), Designcenter software for advanced product design and engineering, and Simcenter software for advanced simulation and testing. These tools are underpinned by Siemens’ industry-leading Digital Twin technology - which creates a highly accurate virtual model of physical assets - and cutting-edge Industrial AI capabilities that allow companies to predict failures, optimize production and innovate at unprecedented speeds.
The agreement comes at a pivotal time for Africa, as industries accelerate their adoption of digital technologies to drive greater efficiency, resilience and growth. By bringing together Siemens’ world-class software with Redington’s deep local market expertise and trusted partner network, the collaboration will help organizations across the continent unlock next in industrial innovation and digital transformation.
