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Redington appoints VS Hariharan as Group CEO Integrated technology solutions provider Redington Limited on Friday announced the appointment of VS Hariharan as the Group CEO. Hariharan earlier worked at Wipro in India before transitioning to Singapore, where he spent over 18 years at Hewlett-Packard, holding numerous senior positions. He then went on to be a founder of a company specialising in solar solutions for emerging markets.  “Having witnessed his unwavering commitment, deep industry insights, and exceptional d...
Redington appoints VS Hariharan as Group CEO
Redington appoints VS Hariharan as Group CEO
Source: IANS
1/09/2023 3:10:27 PM
Redington posts 27% revenue growth in FY23 with PAT of Rs 1,393 cr Integrated technology solutions provider Redington Ltd surpassed Rs 79,519 crore in revenues for FY23, a 27 per cent growth along with registering a 20 per cent growth in operating profit, it announced on Tuesday. At Rs 21,895 crore, overall global revenues for Q4 have been the highest ever for any quarter, growing by 26 per cent YoY and at Rs 590 crore, Redington registered highest ever Q4 operating profit with a 15 per cent growth. For the full fiscal year, the firm reported a profit ...
Redington posts 27% revenue growth in FY23 with PAT of Rs 1,393 cr
Redington posts 27% revenue growth in FY23 with PAT of Rs 1,393 cr
Source: IANS
16/05/2023 7:39:31 PM
India`s Redington posts record Q4 revenue on strong demand for laptops, phones Indian IT products distributor Redington Ltd reported a 26% increase in quarterly revenue on Tuesday, boosted by demand for laptops and mobile phones, and as government departments and businesses spent more on servers, storage and software upgrades. A pandemic-led drive towards digitisation by governments and businesses is a "one-way street," Redington had said earlier this year, as offices would have to continue to spend on technology, driving revenue growth for gadget and softw...
India`s Redington posts record Q4 revenue on strong demand for laptops, phones
India`s Redington posts record Q4 revenue on strong demand for laptops, phones
Source: Reuters
16/05/2023 5:42:36 PM
Polycab India trades in green on partnering with Redington Polycab India is currently trading at Rs. 2587.95, up by 23.60 points or 0.92% from its previous closing of Rs. 2564.35 on the BSE. The scrip opened at Rs. 2567.05 and has touched a high and low of Rs. 2593.60 and Rs. 2560.95 respectively. So far 4654 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2853.50 on 19-Oct-2022 and a 52 week low of Rs. 2045.00 on 20-Jun-2022. Last one week high and low of the scrip st...
Polycab India trades in green on partnering with Redington
Polycab India trades in green on partnering with Redington
Source: Accord Fintech
1/12/2022 2:26:12 PM
Weekly Tech Picks - Bharat Heavy Electricals Ltd, Redington Ltd, Apollo Hospitals Enterprise Ltd,RBL Bank Ltd By Axis Securities Bharat Heavy Electricals Ltd. • BHEL Ltd on the weekly time frame has decisively broken out above the “multiple resistance zone” which was placed between 80-78 levels • Stock broke out with a strong bullish candle indicating a positive trend. • The breakout is accompanied with an increase in volume confirming participation at breakout level. • The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its r...
Weekly Tech Picks - Bharat Heavy Electricals Ltd, Redington Ltd, Apollo Hospitals Enterprise Ltd,RBL Bank Ltd By Axis Securities
Weekly Tech Picks - Bharat Heavy Electricals Ltd, Redington Ltd, Apollo Hospitals Enterprise Ltd,RBL Bank Ltd By Axis Securities
Source: Axis Securities Ltd
28/11/2022 12:38:26 PM
Redington joins Google to help SMBs embrace Cloud in India IT technology company Redington Limited on Thursday announced it has entered into a strategic partnership with Google Cloud India to drive Cloud adoption among the small and medium businesses (SMBs) in the country. As part of the collaboration, Redington will drive the distribution and adoption of Google Workspace and Google Cloud with SMBs, education and public sector, mid-market and enterprise segments. The company will also host distribution and adoption of Google Chrome Enterprise, ...
Redington joins Google to help SMBs embrace Cloud in India
Redington joins Google to help SMBs embrace Cloud in India
Source: Reuters
15/09/2022 5:03:15 PM
Redington rises on partnering with HDFC Bank to offer schemes to new range of iPhones Redington is currently trading at Rs. 151.70, up by 0.25 points or 0.17% from its previous closing of Rs. 151.45 on the BSE. The scrip opened at Rs. 152.00 and has touched a high and low of Rs. 153.00 and Rs. 151.60 respectively. So far 58605 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.25 on 17-Jan-2022 and a 52 week low of Rs. 109.55 on 17-Jun-2022. Last one week high and low of the scrip stood at Rs. 1...
Redington rises on partnering with HDFC Bank to offer schemes to new range of iPhones
Redington rises on partnering with HDFC Bank to offer schemes to new range of iPhones
Source: Accord Fintech
12/09/2022 12:44:59 PM
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities Mahindra Lifespaces to buy land parcels with Rs 3k-crore sales value Realty firm Mahindra Lifespace Developers is looking to acquire a few land parcels this fiscal to build housing projects with sales potential of Rs 3,000- 4,000 crore, a top company official said. The company will acquire these land parcels either through outright purchase or by forming Joint Development Agreements (JDAs) with landowners.   Redington India to retail iPhone 14, Apple Watch series 8 across locati...
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities
Source: ARETE Securities Ltd
12/09/2022 10:13:26 AM
Redington rises on entering into strategic partnership with Infoblox Redington (India) is currently trading at Rs. 132.95, up by 1.50 points or 1.14% from its previous closing of Rs. 131.45 on the BSE. The scrip opened at Rs. 133.70 and has touched a high and low of Rs. 134.40 and Rs. 132.20 respectively. So far 96912 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.25 on 17-Jan-2022 and a 52 week low of Rs. 116.70 on 03-Jun-2021. Last one week high and low of the scrip stood ...
Redington rises on entering into strategic partnership with Infoblox
Redington rises on entering into strategic partnership with Infoblox
Source: Accord Fintech
3/06/2022 11:47:22 AM
Stock Picks - Buy Redington (India) Ltd For Target Rs. 178 - ICICI Direct Technical Observations • The share price of Redington India has generated a breakout above a bullish flag like formation signalling resumption of the up move and offers fresh entry opportunity • The stock has recently rebounded taking support at the rising 200 days EMA (currently placed at | 143 levels) highlighting overall positive bias It has immediate support at | 156 levels being the confluence of the last week low and the 50% retracement of the recent up move (| 138-...
Stock Picks - Buy Redington (India) Ltd For Target Rs. 178 - ICICI Direct
Stock Picks - Buy Redington (India) Ltd For Target Rs. 178 - ICICI Direct
Source: ICICI Direct
25/04/2022 10:41:39 AM
Update on Redington India Ltd By ARETE Securities Established in the year 1993, Redington India Limited provides end-to-end supply chain solutions for all categories of Information Technology, Telecom, Lifestyle, Healthcare, and Solar products. The company has been established from a single product distributor to a US $7.7 billion distribution and supply chain solutions provider to over 245+ international brands in IT and Mobility spaces, serving 37 emerging markets. Investment Rationale: 1. Redington is one of the leading distributors...
Update on Redington India Ltd By ARETE Securities
Update on Redington India Ltd By ARETE Securities
Source: ARETE Securities Ltd
11/03/2022 12:36:54 PM
Weekly Tech Picks - Indiabulls Real Estate Ltd, Uttam Sugar Mills Ltd, Redington India Ltd, NBCC India Ltd By Axis Securities Indiabulls Real Estate Limited * On the daily chart, the stock has observed trend reversal as it has confirmed “consolidation range” breakout on a closing basis * This breakout is accompanied with rising volumes indicating increased participation at lower levels * The stock is well placed above its 100 day SMA (158) which supports bullish sentiments * The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bulli...
Weekly Tech Picks - Indiabulls Real Estate Ltd, Uttam Sugar Mills Ltd, Redington India Ltd, NBCC India Ltd By Axis Securities
Weekly Tech Picks - Indiabulls Real Estate Ltd, Uttam Sugar Mills Ltd, Redington India Ltd, NBCC India Ltd By Axis Securities
Source: Axis Securities Ltd
8/01/2022 4:46:22 PM
Stock Picks - Buy Redington India Ltd For Target Rs.173 - ICICI Direct Technical Observations * The stock is at the cusp of generating a breakout above the last three months range (| 158- 136) signaling strength and offers fresh entry opportunity * It has witnessed a shallow retracement as it has already taken 23 weeks to retrace just 50% of the last eight weeks up move (| 89-179) and is currently seen rebounding taking support at the 20 weeks EMA (|146) signaling strength and a higher base formation * Going ahead we expect the stock to extent its ...
Stock Picks - Buy Redington India Ltd For Target Rs.173 - ICICI Direct
Stock Picks - Buy Redington India Ltd For Target Rs.173 - ICICI Direct
Source: ICICI Direct
15/12/2021 11:40:32 AM
Redington (India) Ltd Q4 net profit down 34.79% at Rs 115.47 cr The company reported standalone net profit of Rs 115.47 crore for the quarter ended March 31, 2021 as compared to Rs 177.07 crore in the same period last year, registering a year-on-year decline of 34.79 per cent. Net revenue of the company rose substantially by 44.27 per cent at Rs 6,352.35 crore in January-March quarter of this fiscal as against Rs 4,403.10 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 43.84 per cent to Rs 6,20...
Redington (India) Ltd Q4 net profit down 34.79% at Rs 115.47 cr
Redington (India) Ltd Q4 net profit down 34.79% at Rs 115.47 cr
Source: Dion Global Solutions Ltd
28/05/2021 2:17:55 PM
Buy Redington India Ltd For Target Rs.177 - HDFC Securities Our Take: Redington India (Redington) has a strong market position in the IT products distribution within India and in the overseas markets such as Middle East, Turkey and Africa (META) and South Asia (SSA). Company derived 60% of its revenue and 72% of net profit from overseas markets and the balance from domestic market. Redington is a leader in providing end-to-end supply chain solutions for information technology products (computer hardware/software products with enterprise solution p...
Buy Redington India Ltd For Target Rs.177 - HDFC Securities
Buy Redington India Ltd For Target Rs.177 - HDFC Securities
Source: HDFC Securities Ltd
24/03/2021 11:10:18 AM
Buy Redington India Ltd For Target Rs.162 - HDFC Securities Our Take   Redington India (Redington) has a strong market position in the IT products distribution within India and in the overseas markets such as Middle East, Turkey and Africa (META) and South Asia (SSA). Company derived 60% of its revenue and 72% of net profit from overseas markets and the balance from domestic market. Redington is a leader in providing end-to-end supply chain solutions for information technology products (computer hardware/software products with enterprise so...
Buy Redington India Ltd For Target Rs.162 - HDFC Securities
Buy Redington India Ltd For Target Rs.162 - HDFC Securities
Source: HDFC Securities Ltd
23/03/2021 9:25:15 AM