DAM Capital has maintained a ‘buy’ rating on Redington, setting a target price of ₹285 per share, implying a 14.1% upside from the current market price (CMP) of ₹249.67.
The brokerage reiterated confidence in Redington’s ability to grow revenue at a 15% CAGR over the medium term, without compromising its balance sheet margins.
Key growth drivers:
- Software to be the fastest-growing segment, while core verticals continue to see expansion across existing geographies.
- Strong position in the ICT growth ecosystem, acting as an integral partner for major brands.
- Focus on profitable growth, ensuring sustainable earnings expansion.
DAM Capital believes Redington’s strategic positioning and revenue visibility make it an attractive long-term play.
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