Redington | Business Upturn

Why are Redington shares falling sharply over 5% today? Key reason explained

Aman Shukla — Tue, 17 Mar 2026 03:52:35 +0000

Redington Ltd shares fell sharply by over 5% in early trade on March 17, as investors reacted to the company’s disclosure of operational challenges in the Gulf region caused by ongoing geopolitical tensions. The weakness in the stock reflects rising concerns around supply chain disruptions, cost pressures, and uncertainty over near-term financial performance.

As of 9:20 AM (IST), the stock touched an intraday low of ₹221.10, compared to its previous close of ₹233.00. It opened at ₹231.80 and traded in a range of ₹221.75 to ₹231.85 during the session, with a live trading volume of 11,12,049 shares. The decline comes amid broader caution in the market regarding companies with exposure to the Middle East.

The company stated that its subsidiary, Redington Gulf FZE, is facing significant disruptions due to the evolving geopolitical situation in the region. Logistics networks have been impacted by the closure of key ports and airspace, forcing shipments to be rerouted. This has led to longer transit times and increased freight costs, adding pressure on margins.

At the same time, Redington is dealing with higher working capital requirements as inventory levels rise due to delays in movement of goods. The situation is further complicated by customer requests for extended payment timelines, which are affecting cash flow cycles. Adding to the strain, insurance providers have revoked war risk coverage, making it more difficult for the company to secure shipments and manage operational risks. The company is currently evaluating alternative arrangements to mitigate this issue.

Despite the challenges, Redington has stated that it remains focused on ensuring employee safety and maintaining business continuity. Enhanced safety measures have been implemented across affected locations, and the company continues to comply with all applicable international regulations, trade restrictions, and sanctions. Senior management is closely monitoring developments and is prepared to take necessary actions depending on how the situation evolves.

The company has indicated that the financial impact of these disruptions cannot yet be determined with certainty, as it will depend largely on the duration and intensity of the geopolitical tensions. Investors are likely to remain cautious in the near term until there is greater clarity on how the situation unfolds.

Redington faces operational challenges in Gulf due to geopolitical tensions

Business Desk — Mon, 16 Mar 2026 14:56:34 +0000

Redington Limited has reported significant operational challenges in the Gulf region due to ongoing geopolitical tensions, impacting its subsidiary, Redington Gulf FZE.

The company highlighted several issues affecting its operations, including the re-routing of shipments and the closure of major ports and airspace, leading to increased transit times. Additionally, Redington is facing higher logistics costs, increased working capital requirements due to elevated inventory levels, and customer requests for delayed payments. The revocation of war risk coverage by insurance providers has further complicated the situation, prompting the company to evaluate alternative arrangements.

Despite these challenges, Redington prioritises the safety and well-being of its employees, implementing enhanced safety protocols and business continuity plans across affected locations. The company remains compliant with international regulations, trade restrictions, and sanctions. Senior management is closely monitoring the situation and will take necessary actions as required.

The financial impact of these developments is currently uncertain, as it depends on the duration and intensity of the geopolitical tensions. Redington has assured stakeholders that it will continue to monitor the situation and provide material updates to stock exchanges as needed.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Redington shares rally sharply over 14% today; Details here

Aman Shukla — Fri, 27 Feb 2026 06:47:47 +0000

Redington Limited shares surged sharply on February 27, rallying over 14% in intraday trade and emerging as one of the top gainers on the bourses. The stock climbed to an intraday high of ₹280.75, compared to the previous close of ₹244.55, reflecting strong buying momentum during the session.

As of 12:14 PM IST, the stock was trading near its day’s high after opening at ₹244.55. It touched an intraday low of ₹244.00 before witnessing aggressive accumulation through the morning trade. The sharp spike was accompanied by robust volumes, with more than 4,27,08,813 shares changing hands, indicating heightened investor participation.

The rally comes at a time when the stock remains below its 52-week high of ₹334.80, while comfortably above its 52-week low of ₹176.94.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Redington subsidiary signs USD 8 million agreement with Datagate for assignment of Vodafone device distribution deal

Aman Shukla — Sat, 20 Sep 2025 03:48:09 +0000

Redington Limited announced that its step-down subsidiary, Arena Bilgisayar Sanayi ve Ticaret A.Ş. (“Arena”), through its subsidiary Arena Connect Teknoloji Sanayi ve Ticaret A.Ş., has signed a definitive agreement with Datagate Bilgisayar Malzemeleri Ticaret A.Ş. The deal, finalized on September 19, 2025, involves the assignment of a Device Distribution and Supply Agreement with Vodafone Dağıtım, Servis ve İçerik Hizmetleri A.Ş.

The agreement will become effective from October 1, 2025, with a total deal value of approximately USD 8 million.

According to Redington’s disclosure under SEBI Listing Regulations, Arena contributed USD 420.40 million in revenue as of March 31, 2025, which accounted for about 3.6% of Redington’s consolidated annual revenue.

The buyer, Datagate Bilgisayar Malzemeleri Ticaret A.Ş., is a leading IT distribution company based in Turkey and does not belong to Redington’s promoter or promoter group entities. The transaction is not categorized as a related-party deal.

Redington confirmed that the agreement does not fall under a Scheme of Arrangement and is fully compliant with SEBI’s disclosure norms.

Top 10 volume gainers today, September 19: Vodafone Idea, Redington, PC Jeweller, Yes Bank lead the charts

Aman Shukla — Fri, 19 Sep 2025 05:52:01 +0000

The Indian stock market saw significant trading activity today, September 19, with several stocks witnessing high volumes. At the time of writing, Vodafone Idea led the volume charts, followed by Redington and PC Jeweller.

Here’s a look at the top volume gainers today, as of 11:21 am.

Vodafone Idea: ₹7.87, up 0.38%, highest trading volume at 26.91 crore shares.
Redington: ₹305.73, up 6.10%, 5.13 crore shares traded.
PC Jeweller: ₹14.73, down 1.41%, volume 4.19 crore shares.
Yes Bank: ₹21.06, down 0.05%, volume 3.16 crore shares.
Suzlon Energy: ₹59.62, up 0.91%, volume 2.74 crore shares.
Sammaan Capital: ₹143.76, up 3.28%, volume 2.64 crore shares.
Adani Power: ₹677.70, up 7.34%, volume 2.42 crore shares.
Canara Bank: ₹117.10, up 1.46%, volume 2.39 crore shares.
Sagility: ₹46.33, down 0.32%, volume 1.97 crore shares.
Ashok Leyland: ₹140.74, up 1.43%, volume 1.78 crore shares.

Why are Redington shares up 9% today? Explained

Aman Shukla — Fri, 19 Sep 2025 04:53:08 +0000

Redington India shares jumped more than 9% on September 19, 2025, following the much-anticipated launch of the iPhone 17 series in the country. As of 10:27 AM, the shares were trading 7.53% higher at Rs 309.85.

Visuals from Mumbai’s Bandra Kurla Complex (BKC) show long queues outside the Apple store, highlighting the overwhelming demand for the latest iPhone models. Social media platforms are buzzing with images and videos of buyers eager to get their hands on the iPhone 17.

Apple continues to be a key client for Redington, one of India’s leading supply chain and distribution companies. According to Redington’s June quarter investor presentation, Apple accounted for 34% of the company’s topline, up from 30% in the previous financial year. This strong contribution underlines Redington’s strategic partnership with the tech giant and its pivotal role in Apple’s distribution network in India.

Redington shares opened at ₹288.14 and saw a high of ₹314.40 during trading, while the day’s low was ₹286.86. The stock continues to show strong momentum, approaching its 52-week high of ₹334.80. Over the past year, Redington’s shares have traded as low as ₹158.61.

Top 10 volume gainers today, September 17: Vodafone Idea, Redington, Suzlon Energy, KNR Constructions and more

Aman Shukla — Wed, 17 Sep 2025 05:01:54 +0000

The markets saw some active trading this morning, with several stocks witnessing a surge in volumes. As of 10:28 AM, leading the pack is Vodafone Idea, which continues to see heavy activity with over 15.37 crore shares changing hands, though its price dipped slightly by 0.63% to ₹7.89.

Redington followed with around 3.88 crore shares traded, marginally up by 0.45% to ₹290.59. Suzlon Energy, in the news today, saw 2.73 crore shares trade at ₹59.42, up 0.75%.

Construction and infrastructure stock KNR Constructions stole the limelight with a strong 8.36% jump to ₹211, trading 2.39 crore shares, indicating solid investor interest. Yes Bank had 1.72 crore shares traded, with a minor dip to ₹20.98, while defense major Bharat Electronics moved up 2.41% to ₹412.60 on 1.63 crore shares.

Other notable volume movers include Welspun Living (₹128.98, up 3.83%, 1.50 crore shares), Reliance Power (₹48.90, up 2.02%, 1.24 crore shares), Aditya Birla Fashion & Retail (₹89.20, up 2.91%, 1.21 crore shares), and Dhani Services, which surged 7.25% to ₹68.01 with 1.21 crore shares traded.

Overall, this morning’s trading shows a mix of steady performers and sharp movers, keeping the market mood lively (data as of 10:28 AM).

Top 10 volume gainers today, September 16: Vodafone Idea, Redington, Suzlon Energy, Reliance Power and more

Aman Shukla — Tue, 16 Sep 2025 06:57:41 +0000

The Indian stock market has seen significant trading activity today, with several stocks witnessing high volumes and notable price movements. As of 12:22 PM on September 16, here are the top 10 volume gainers:

1. Vodafone Idea – Trading at ₹8.03, Vodafone Idea saw a slight dip of 1.35%, but the stock recorded an exceptionally high volume of 61.2 crore shares, making it the biggest volume gainer of the day.

2. Redington – Redington shares surged 15.06% to ₹277.77 on heavy trading, with 6.57 crore shares changing hands.

3. Suzlon Energy – Suzlon Energy, in focus due to recent news, traded at ₹59.09, up 1.76%, with a total volume of 5.94 crore shares.

4. Reliance Power – Shares of Reliance Power rose 3.79% to ₹47.38 with 3.19 crore shares traded.

5. Yes Bank – Yes Bank slipped slightly by 0.43% to ₹20.92, with a trading volume of 3.18 crore shares.

6. Samvardhana Motherson International – The stock rose 2.14% to ₹110.12, with a volume of 3.00 crore shares.

7. NTPC Green Energy – Trading at ₹105.68, NTPC Green Energy gained 2.05%, with 1.88 crore shares changing hands.

8. NHPC – NHPC shares increased 2.06% to ₹88.39 with a trading volume of 1.87 crore shares, making it another active stock today.

9. GMR Airports – In the news today, GMR Airports rose 3.94% to ₹92.68, with 1.74 crore shares traded.

10. NCC – NCC shares increased 1.70% to ₹215.70, with 1.30 crore shares traded, rounding off the top 10 volume gainers.

Why are Redington shares up over 15% today? Explained

Aman Shukla — Tue, 16 Sep 2025 05:26:37 +0000

Redington India Limited shares are seeing a sharp intraday rally today, surging over 15% on heavy trading volumes. The stock opened at ₹242.20 and has touched an intraday high of ₹279.69, showing strong buying momentum.

Trading activity has been robust, with more than 5.9 crore shares changing hands so far, signaling significant investor interest. Today’s price movement brings the stock well above its previous close of ₹241.42, and closer to its 52-week high of ₹334.80, while remaining far above the 52-week low of ₹158.61.

Analysts are closely monitoring the stock as the heavy volumes and intraday momentum indicate potential short-term trading opportunities.

Redington shares were up 13.79% at ₹274.65 apiece around 10.56 am. It has jumped 37.31% this year, so far.

Redington shares jump 8%, reaching new 52-week high in morning trade; Check details

Aman Shukla — Tue, 13 May 2025 04:36:50 +0000

Redington shares saw a significant rise of over 8%, reaching a new 52-week high in the morning session of trade today, drawing attention from investors and analysts alike. As of 10:04 AM, the shares were trading 5.38% higher at Rs 274.97.

The stock opened at ₹261.10 and hit a high of ₹281.90, matching its 52-week high during the session. The low for the day was ₹261.01, indicating steady movement within a tight range.

At present, Redington’s shares are trading close to their 52-week high of ₹281.90, a price level last touched during this period. The 52-week low stands at ₹158.61, marking a significant improvement in the stock’s performance over the past year.

Redington shares jump 3% after DAM Capital maintains ‘buy’ rating with target price of Rs 285

Aman Shukla — Fri, 07 Mar 2025 04:10:02 +0000

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.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Redington Stock: Share price surges 17% this week following strong Q2 results

Aman Shukla — Sat, 02 Nov 2024 07:17:43 +0000

Shares of Redington (India) Limited witnessed a notable surge of over 17% this week following the release of its Q2 results for FY24. Despite a modest decline in net profit, the company’s robust revenue growth has instilled confidence among investors.

In Q2 FY24, Redington reported a net profit of ₹292.87 crore, down 3.49% from ₹303.47 crore in the same quarter last year. However, the company achieved impressive revenue growth, with a 12.04% increase, totalling ₹24,895.56 crore compared to ₹22,220.15 crore in Q2 FY23.

On Friday, Redington’s stock opened at ₹182.77, reaching a high of ₹196.00, showcasing the market’s positive reaction to the earnings report.

Redington shares surge over 8% post Q2 results

Aman Shukla — Wed, 30 Oct 2024 04:28:34 +0000

Shares of Redington (India) Limited saw a significant rise of over 8% in early trading after the company announced its Q2 results. Despite a slight decline in net profit, strong revenue growth has bolstered investor confidence.

Redington’s net profit dropped 3.49% to ₹292.87 crore in Q2 FY24, down from ₹303.47 crore during the same period in 2023. Despite this dip in profit, the company’s steady revenue growth appears to have reassured shareholders.

The company’s revenue surged by 12.04%, reaching ₹24,895.56 crore in Q2 FY24, compared to ₹22,220.15 crore in Q2 FY23.

As of 9:57 am, Redington shares were trading 6.42% higher at Rs 177.31 on the NSE.

Redington’s Chennai office earns LEED Platinum certification for sustainability

Aditya Bhagchandani — Thu, 29 Aug 2024 09:33:48 +0000

Redington Limited, a major Indian technology solutions provider, has achieved LEED Platinum certification for its corporate office in Chennai. This prestigious recognition from the United States Green Building Council (USGBC) underscores Redington’s strong commitment to sustainability and energy efficiency.

The LEED (Leadership in Energy and Environmental Design) rating system is renowned worldwide, with Platinum being the highest level of certification. This achievement means that Redington’s Chennai office has met and surpassed rigorous standards in areas such as reducing CO2 emissions, improving energy performance, and using sustainable materials.

The Redington Chennai campus, designed to accommodate over 500 employees, features advanced energy management systems. These include energy-efficient lighting, HVAC systems, and a 60 KVA rooftop solar power system, all aimed at minimizing energy use and reducing the campus’s carbon footprint.

V. S. Hariharan, Group CEO of Redington Limited, emphasized that sustainability is a key focus for the company. He stated, “The LEED Platinum certification awarded to our Chennai corporate office reflects our dedication to environmental responsibility and high standards in building practices. We are committed to integrating sustainable solutions into our operations and positively impacting both the environment and the communities we serve.”

Redington shares fall over 3% after Q1 net profit declines to ₹217 crore

Aditya Bhagchandani — Thu, 01 Aug 2024 04:54:18 +0000

Redington Ltd’s shares declined more than 3% on Thursday following the announcement of its first-quarter financial results, which revealed a drop in net profit despite a slight increase in revenue.

Q1 FY25 Financial Summary

Net Profit: Fell 15% year-on-year to ₹217 crore, down from ₹255.2 crore in the same quarter last year.
Revenue: Increased by 0.5% to ₹21,283.3 crore, compared to ₹21,187.2 crore in the previous year.
EBITDA: Decreased by 11.3% to ₹372.1 crore from ₹419.3 crore in the corresponding quarter of the last fiscal year.
EBITDA Margin: Narrowed to 1.8% from 2% year-on-year.

Key Highlights and Business Performance

Cloud Business: Experienced strong growth of 35% year-on-year.
Endpoint Solutions: Showed good performance, contributing to overall growth.
Geographical Performance:
- India: Recorded a 6% year-on-year growth.
- UAE: Achieved a 17% year-on-year growth.
- Africa: Displayed signs of profitable growth recovery.

As of 10:23 AM the shares were trading 3.25% lower at ₹205.43 on NSE.

Redington foresees AI-powered PC demand surge in India, expects growth in fiscal 2025

Tushar Aggarwal — Thu, 15 Feb 2024 08:30:02 +0000

Redington, a prominent tech goods distributor, is anticipating a significant rebound in demand for personal computers (PCs) in the upcoming fiscal year. This optimistic outlook stems from the expected consumer embrace of new PC models featuring advanced artificial intelligence (AI) capabilities, marking a pivotal shift in the PC market dynamics.

Ramesh Natarajan, the CEO of Redington’s Singapore, India, and South Asia (SISA) division, expressed confidence in the resurgence of the PC market, attributing the rebound to the integration of AI technologies into modern computing devices. Natarajan highlighted the role of AI in driving “tech refresh,” suggesting that the allure of AI-enabled PCs would incentivize customers to upgrade their existing systems, thus revitalizing the PC market segment.

The global PC market has been experiencing a gradual recovery, as evidenced by recent sales trends reported by major chipmakers such as Samsung Electronics and Intel. These positive indicators signal a potential shift in consumer sentiment, with customers increasingly inclined to invest in new PC systems equipped with AI features.

AI-enabled PCs, equipped with specialized chips capable of running complex AI algorithms and applications locally rather than relying on cloud computing, are expected to redefine the user experience and drive demand for next-generation computing devices. This shift towards AI-powered computing represents a significant evolution in PC technology, offering users enhanced performance, efficiency, and capabilities.

Neil Shah, Vice President of Research at Counterpoint Research, echoed Natarajan’s sentiments, highlighting the typical replacement cycle for PCs, which averages between three to four years. Shah emphasized that 2024 could witness a substantial rebound in PC sales, driven by the growing interest in AI-enabled devices among consumers and businesses alike.

Redington’s SISA revenue from its endpoint solutions unit, which includes the distribution of PCs and printers, experienced a modest decline of 7% to 100.72 billion rupees ($1.21 billion) in the nine months ending December 31. Despite this decline, the segment remains a crucial component of Redington’s revenue stream, accounting for approximately 15% of the group’s total revenue.

The COVID-19 pandemic initially spurred a surge in demand for PCs and related devices, as businesses and individuals transitioned to remote work and digital learning environments. However, the sustained growth in PC sales was impacted by economic factors, leading to a slowdown in upgrades and replacements.

Looking ahead, Natarajan also expressed optimism regarding Redington’s mobile phone business, particularly in the premium smartphone segment (devices costing more than 30,000 rupees or $361.30). The segment witnessed a significant 61% revenue jump in the first nine months of fiscal 2024 in the SISA region, indicating a strong appetite among affluent Indians for high-end mobile devices.

In addition to its core distribution business, Redington has been strategically expanding its cloud services division, aiming to diversify its revenue streams beyond traditional gadget distribution. This strategic pivot underscores Redington’s commitment to adapting to evolving market trends and capitalizing on emerging opportunities in the tech sector.

As Redington prepares to embrace the AI-driven future of computing, the company remains focused on delivering innovative solutions and exceptional customer experiences, reaffirming its position as a key player in India’s tech ecosystem. With AI poised to revolutionize the PC market, Redington’s proactive approach positions it at the forefront of this transformative shift, ready to cater to the evolving needs of its customers in the dynamic tech landscape.