{"id":71298,"date":"2022-11-03T18:10:00","date_gmt":"2022-11-03T12:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=71298"},"modified":"2022-11-03T18:55:35","modified_gmt":"2022-11-03T13:25:35","slug":"apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/","title":{"rendered":"Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2989606338\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Redington Ltd, a company that distributes products of Apple in India reported a 26% jump in its profit for the September quarter (Q2FY23). As a result, its share price has climbed 16% in the past two days. Redington&#8217;s shares were trading at \u20b9 157.25 apiece, up 6.39%, at 12:39 PM on Thursday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1152357280\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Redington is a leading distributor of products and integrated supply chain solution provider in the field of technology and communications in India as well as across the globe. It is the second-largest distributor of IT products in India and a premier distributor of products for more than 200 global technology vendors. However, Apple contributes about 27% to its revenue.&nbsp;<\/p><p>The company\u2019s net profit surged 26% to \u20b9 387 crores from \u20b9 307 crores in September 2021. This happened on the back of a 25% increase in revenue to \u20b9 19,050 crores in the latest quarters against \u20b9 15,287 crores in September 2021. Its EBITDA stood at \u20b9 562 crores, up 22% from \u20b9 457 crores.&nbsp;<\/p><p>India\u2019s distribution business continued to post double-digit growth, the company said. It benefitted even during the pandemic, as it sells everything from smartphones to personal computers and software to consumers and businesses across 38 countries. This led to a spike in demand with many employees working from home.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1038477274\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Redington is a mid-cap company with a market capitalization of \u20b9 11,558 crores. It has a good return on equity of 23.88% and an ideal debt-to-equity ratio of 0.14. Its shares are trading at a price-to-equity (PE) ratio of 8.51, which is significantly lower than the industry PE. Therefore, the stock might be undervalued. Further, it has a good dividend yield of 4.46%.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3883490447\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Redington Ltd, a company that distributes products of Apple in India reported a 26% jump in its profit for the September quarter (Q2FY23). As a result, its share price has climbed 16% in the past two days. Redington&#8217;s shares were trading at \u20b9 157.25 apiece, up 6.39%, at 12:39 PM on Thursday.&nbsp; Redington is a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-71298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results\" \/>\n<meta property=\"og:description\" content=\"Redington Ltd, a company that distributes products of Apple in India reported a 26% jump in its profit for the September quarter (Q2FY23). As a result, its share price has climbed 16% in the past two days. Redington&#8217;s shares were trading at \u20b9 157.25 apiece, up 6.39%, at 12:39 PM on Thursday.&nbsp; Redington is a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-03T12:40:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-03T13:25:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/\",\"url\":\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/\",\"name\":\"Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg\",\"datePublished\":\"2022-11-03T12:40:00+00:00\",\"dateModified\":\"2022-11-03T13:25:35+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results - Trade Brains Features","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/","og_locale":"en_US","og_type":"article","og_title":"Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results","og_description":"Redington Ltd, a company that distributes products of Apple in India reported a 26% jump in its profit for the September quarter (Q2FY23). As a result, its share price has climbed 16% in the past two days. Redington&#8217;s shares were trading at \u20b9 157.25 apiece, up 6.39%, at 12:39 PM on Thursday.&nbsp; Redington is a [&hellip;]","og_url":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2022-11-03T12:40:00+00:00","article_modified_time":"2022-11-03T13:25:35+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/","url":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/","name":"Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg","datePublished":"2022-11-03T12:40:00+00:00","dateModified":"2022-11-03T13:25:35+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Apple-stores-Cover-Image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/apple-products-distributors-shares-gained-16-in-two-days-after-good-q2-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Apple product distributor\u2019s shares gained 16% in two days\u00a0after good Q2 results"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/71298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=71298"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/71298\/revisions"}],"predecessor-version":[{"id":71316,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/71298\/revisions\/71316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/14323"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=71298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=71298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=71298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}