Redington Ltd. (REDINGTON) Share Price Surges 6.25% Today

Redington Ltd. Share Price rises 6.25% to Rs 275.3, with a market cap of Rs 20,255.78 crore.

Redington Ltd. Share Price has seen a significant rise today, increasing by 6.25% to reach Rs 275.3. This surge comes as part of the company’s classification in the Large Cap category, with a market capitalisation of Rs 20,255.78 crore. The stock’s impressive performance today is noteworthy as it exceeds the qualifying threshold of 3% set for its market-cap category. Redington Ltd. is a prominent player in the Trading sector, and today’s price action has captured the attention of investors and analysts alike.

The company’s share price opened at Rs 258.65 and reached a high of Rs 279.2 during the trading session. The total volume of shares traded today was 47,930,50, indicating strong investor interest. Despite a top gainer in today’s market. Investors are keenly observing the stock’s performance, given its substantial market presence and the overall dynamics of the Trading sector.

Redington Ltd. Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 275.3
Previous Close	Rs 259.1
Today's Change	+Rs 16.2 (+6.25%)
Day Open	Rs 258.65
Day High	Rs 279.2
Day Low	Rs 258.65
Current Volume (BSE)	2,21,990
BSE Traded Volume	2,21,990
NSE Traded Volume	45,71,060
Combined NSE + BSE Volume	47,93,050
Turnover	Rs 6.11 crore
Market Capitalisation	Rs 20,255.78 crore
Market Cap Category	Large Cap
Qualifying Threshold Cleared	3%

Today’s trading session saw Redington Ltd. Share Price rise by 6.25%, closing at Rs 275.3, up from the previous close of Rs 259.1. The stock opened at Rs 258.65 and reached an intraday high of Rs 279.2, with a low of Rs 258.65. The turnover for the day was Rs 6.11 crore, reflecting robust trading activity. The total volume of shares traded was 47,930,50, with the majority of the volume occurring on the NSE.

Redington Ltd. is classified as a Large Cap stock, and today’s price rise significantly exceeds the qualifying threshold of 3% for this category. This performance highlights the stock’s strong market presence and investor interest. The Trading sector, in which Redington Ltd. operates, has been witnessing varied dynamics, and today’s price action underscores the company’s position within this sector. Investors and analysts are closely monitoring the stock’s movements, given its substantial market capitalisation and the potential implications for future trading sessions.

Redington Ltd. Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 20,255.78 crore
P/E Ratio	27.95x
P/B Ratio	1.83x
ROE	9.89%
ROCE	12.79%

Redington Ltd. was valued at a P/E ratio of 27.95x, a P/B ratio of 1.83x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 9.89% and ROCE of 12.79%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Redington Ltd. boasts a market capitalisation of Rs 20,255.78 crore, positioning it as a significant player in the Trading sector. The company’s P/E ratio stands at 27.95, which is above the sector’s median of 14.18 but aligns with the sector’s average of 68.61. This indicates that while Redington Ltd. is valued higher than the median, it remains within the broader sector valuation range.

The P/B ratio of 1.83 is above the sector median of 1.31, suggesting a higher valuation relative to its book value. The company’s ROE of 9.89% and ROCE of 12.79% are both above the sector averages of 7.13% and 3.21%, respectively, indicating efficient use of equity and capital. These metrics highlight Redington Ltd.’s strong financial performance and its ability to generate returns for shareholders.

While the company’s valuation multiples suggest a premium, its profitability metrics support investor interest. The Trading sector’s dynamics and Redington Ltd.’s financial health make it a stock worth watching. Investors should consider these fundamentals when evaluating the company’s potential for future growth and performance.

Sector and Industry Context

Metric	Value
Sector	Trading
Benchmark Scope	same sector
Companies in Benchmark	456
Company P/E Ratio	27.95x
Benchmark Median P/E	14.18x
Benchmark Average P/E	68.61x
Benchmark P/E Range	0x to 2,173.6x
Companies with P/E Data	456
Company P/B Ratio	1.83x
Benchmark Median P/B	1.31x
Company ROE	9.89%
Benchmark Median ROE	1.7%
Company ROCE	12.79%
Benchmark Median ROCE	3.4%
Company Market Capitalisation	Rs 20,255.78 crore
Benchmark Median Market Cap	Rs 41.97 crore

Redington Ltd. (REDINGTON) is classified under sector: Trading. The numerical benchmark uses 456 same sector companies from the supplied master-data set.

Redington Ltd. (REDINGTON) has a P/E ratio of 27.95x, which is above the benchmark median of 14.18x, a difference of +97.11%. The benchmark contains 456 companies with P/E data, ranging from 0x to 2,173.6x. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Redington Ltd. (REDINGTON) has a ROE of 9.89%, which is above the benchmark median of 1.7%, a difference of +481.76%. Redington Ltd. (REDINGTON) has a ROCE of 12.79%, which is above the benchmark median of 3.4%, a difference of +276.18%.

Track today’s top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Redington Ltd. operates within the Trading sector, which comprises 456 companies. The sector’s P/E median is 14.18, with an average of 68.61, indicating a wide range of valuations. Redington Ltd.’s P/E of 27.95 places it above the median, reflecting a higher valuation compared to many of its peers.

The sector’s P/B median is 1.31, with Redington Ltd. at 1.83, again indicating a premium valuation. The company’s ROE of 9.89% and ROCE of 12.79% are significantly above the sector averages of 7.13% and 3.21%, showcasing its strong profitability and efficient capital use. The sector’s market capitalisation ranges from Rs 1.07 crore to Rs 2,596.46 crore, with Redington Ltd. positioned towards the higher end.

Overall, Redington Ltd.’s financial metrics and market position within the Trading sector highlight its strength and potential for continued performance. Investors should consider the sector’s dynamics and the company’s relative valuation when making investment decisions.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Confidence Petroleum India Ltd.	CONFIPET	2,596.46	27.95	1.83	9.89	12.79
Fischer Medical Ventures Ltd.	FISCHER	2,498.94	80.56	6.96	0	-11.19
Elitecon International Ltd.	ELITECON	2,485.67	8.04	5.53	-1.29	-1.22
Vintage Coffee & Beverages Ltd.	VINCOFE	2,291.08	31.74	4.13	3.02	4.38
SIRCA Paints India Ltd.	SIRCA	2,236.78	34.4	4.71	12.99	17.3

Redington Ltd. (REDINGTON) has a P/E ratio of 27.95x compared with the displayed peer median of 31.74x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 9.89% compares with a peer median of 3.02% across the companies shown in the table. ROCE stood at 12.79% versus the displayed peer median of 4.38%, providing a capital-efficiency comparison. Redington Ltd. (REDINGTON) has a market capitalisation of Rs 20,255.78 crore. Among the 5 peers shown, 0 have a larger market capitalisation.

In comparison to its peers, Redington Ltd. holds a strong position. Confidence Petroleum India Ltd. shares the same P/E and P/B ratios as Redington Ltd., reflecting similar valuation levels. However, Redington Ltd.’s ROE and ROCE are higher, indicating better profitability and capital efficiency.

Fischer Medical Ventures Ltd. and Elitecon International Ltd. have higher P/E ratios, but their profitability metrics lag behind Redington Ltd. Vintage Coffee & Beverages Ltd. and SIRCA Paints India Ltd. have higher P/E ratios, but Redington Ltd. outperforms them in terms of ROE and ROCE. This comparison underscores Redington Ltd.’s competitive edge in profitability and valuation within the Trading sector.

Why Investors Are Watching Redington Ltd.

Investors are closely monitoring Redington Ltd. due to its recent price rise and strong market position. The company’s financial metrics and sector dynamics contribute to its attractiveness.

• Significant 6.25% price rise today.
• Strong financial performance with high ROE and ROCE.
• Premium valuation compared to sector medians.
• Robust trading volume and investor interest.
• Competitive edge over peers in profitability.

Investors should continue to monitor Redington Ltd.’s performance, considering its valuation, sector dynamics, and potential for future growth. The company’s strong fundamentals and market position make it a stock worth watching.

About Redington Ltd.

Redington Ltd. is a prominent player in the Trading sector, with a significant market presence and a diverse range of operations. The company engages in the distribution of technology products and services, catering to a wide array of industries. Its business model focuses on providing comprehensive solutions to its clients, leveraging its extensive network and expertise.

Redington Ltd. operates across various segments, including IT products, consumer electronics, and enterprise solutions. The company’s revenue mix is diversified, with a strong emphasis on technology distribution. Its strategic partnerships and collaborations with leading global brands enhance its market position and competitive advantage.

As a leader in the Trading sector, Redington Ltd. continues to innovate and expand its offerings, ensuring sustained growth and value creation for its stakeholders. The company’s commitment to excellence and customer satisfaction drives its success in the industry.

Track Redington Ltd. Share Price on Univest

Use Redington Ltd. (REDINGTON) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors and analysts can track Redington Ltd. Share Price and other key metrics on Univest. The platform provides live updates on share price, technical indicators, fundamental ratios, and shareholding patterns. Users can also access insights into 52-week levels and market trends, enabling informed investment decisions.

Univest offers a comprehensive view of Redington Ltd.’s performance, making it an essential tool for investors seeking to stay updated on the company’s developments and market position.

Frequently Asked Questions

What is Redington Ltd.'s current share price?

Ans. Redington Ltd.'s current share price is Rs 275.3, reflecting a 6.25% increase from the previous close of Rs 259.1. The stock moved 6.25% during the session. The intraday range extended from Rs 258.65 to Rs 279.2.

How much did Redington Ltd.'s share price rise today?

Ans. Redington Ltd.'s share price rose by 6.25% today, closing at Rs 275.3, up from the previous close of Rs 259.1. The stock moved 6.25% during the session. The intraday range extended from Rs 258.65 to Rs 279.2.

What is Redington Ltd.'s market capitalisation?

Ans. Redington Ltd.'s market capitalisation is Rs 20,255.78 crore, categorising it as a Large Cap stock in the Trading sector. The company operates in the Trading sector. Its P/E ratio is 27.95x.

What is Redington Ltd.'s P/E ratio?

Ans. Redington Ltd.'s P/E ratio is 27.95, which is above the sector median of 14.18 but aligns with the sector average of 68.61. The company trades at a P/E ratio of 27.95x.

How does Redington Ltd.'s ROE compare to the sector?

Ans. Redington Ltd.'s ROE is 9.89%, significantly above the sector average of 7.13%, indicating strong profitability. ROE stands at 9.89%. ROCE stands at 12.79%. The relevant peer median ROE is 1.7%.

What is Redington Ltd.'s ROCE?

Ans. Redington Ltd.'s ROCE is 12.79%, well above the sector average of 3.21%, showcasing efficient capital use. ROE stands at 9.89%. ROCE stands at 12.79%. The relevant peer median ROE is 1.7%.

How does Redington Ltd.'s valuation compare to peers?

Ans. Redington Ltd. has a P/E of 27.95, similar to Confidence Petroleum, but outperforms peers in ROE and ROCE. The company trades at a P/E ratio of 27.95x. Its P/B ratio is 1.83x.

What is the sector context for Redington Ltd.?

Ans. Redington Ltd. operates in the Trading sector, with a P/E median of 14.18 and a wide valuation range among 456 companies. The stock belongs to the Trading sector. 456 comparable companies were included in the benchmark.

What is Redington Ltd.'s P/B ratio?

Ans. Redington Ltd.'s P/B ratio is 1.83, above the sector median of 1.31, indicating a premium valuation. The company trades at a P/E ratio of 27.95x. Its P/B ratio is 1.83x.