Synopsis:
Shares of Redington Limited hit a 20 percent upper circuit on heavy trading, with a block deal at a 13 percent premium and record volume activity.
During Tuesday’s trading session, shares of a leading Indian integrated technology solutions provider and Fortune India 500 company hit a 20 percent upper circuit on the stock exchanges. What triggered this significant jump? Let’s explore the details in this article.
At 12:30 p.m., the shares of Redington Limited were trading in the green at Rs. 282 on BSE, up by around 17 percent, as against its previous closing price of Rs. 241.45, with a market cap of Rs. 22,046 crores. The stock has delivered positive returns of nearly 53 percent in the last one year, and has gained by over 20 percent in the last one month.
What’s the News
Shares of Redington Limited hit a 20 percent upper circuit on Tuesday, driven by a large block deal. According to sources, nearly 2,13,437 shares were traded in the block transaction at a premium of around 13 percent over the previous closing price. By 11:25 a.m., about 4.16 crore equity shares had changed hands – over 22 times the 30-day average trading volume.
Financials & more
Redington reported a significant growth in its revenue from operations, showing a year-on-year increase of around 22 percent from Rs. 21,282 crores in Q1 FY25 to Rs. 25,952 crores in Q1 FY26. Likewise, its net profit increased during the same period from Rs. 217 crores to Rs. 233 crores, representing a marginal rise of around 7 percent YoY.
In Q1 FY26, the company achieved robust growth, driven by its Cloud, Mobility, and Technology solutions businesses, which reported strong double-digit expansion. India, UAE, and KSA continued to provide significant momentum by delivering high growth and outperforming the market, while the African region remained stable.
Redington Limited operates as a distributor of information technology, mobility, and other technology products, while also providing comprehensive supply chain solutions. The company offers a wide range of products, including IT hardware, smartphones, and solar solutions, along with services and solutions such as managed services, cloud computing, logistics, business process management (BPM), BPO, and 3D printing.
The company has an operating branch in Singapore, while its subsidiaries and associates operate in India, the Middle East, Turkey, Africa, and South Asian countries.
With presence in more than 40 markets, 450+ brand associations, and over 70,000 channel partners, Redington enables end-to-end distribution for IT/ITeS, telecom, lifestyle, and solar products across various markets.
Written by Shivani Singh
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