Redington shares surged 3% after DAM Capital reaffirmed its ‘buy’ rating, setting a target price of ₹285 per share. This projection indicates a potential 14.1% upside from the current market price of ₹249.67, reinforcing investor confidence in the company’s growth trajectory.
DAM Capital remains bullish on Redington, highlighting its ability to sustain a 15% CAGR in revenue over the medium term while maintaining balance sheet strength. The company continues to expand across existing geographies, with software emerging as the fastest-growing segment. As a key player in the ICT ecosystem, Redington strengthens its position by acting as an integral partner for major global brands.
With a focus on profitable growth, Redington ensures sustainable earnings expansion, making it an attractive long-term investment.
Redington shares opened at ₹249.24, reaching a high of ₹256.99 and a low of ₹248.41. The stock is nearing its 52-week high of ₹263.89, significantly above its 52-week low of ₹158.61.
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