NIFTY 22217.85 BANK 47859.45

Redington (India) Ltd.
Share Price Target & Analysis

NSE:REDINGTON

211.18

VWAP

211.50

Open

211.25

Close

213.45

High

208.15

Low

237.55

52 Week High

212.45 ⇧
1.20 (0.57%)

REDINGTON

(IT)
75.2% Momentum

Trending & Favourite

136.20

52 Week Low

13.37

EPS

18.37

PE

5.35

PB

Standard
Quality

Bronze
Valuation

#Analysis

NSE: REDINGTON Share Price Financial Analysis & Valuation

Redington (India) Ltd. (REDINGTON) is broadly categorized in IT segment industry which deals in Computers - Hardware vertical. It is one of Mid Cap company with Market Capitalization of Rs 12702.4 (in Cr). Total number of free float shares are 38.9 (in Lacs). Redington (India) Ltd. is listed on NSE with Exchange ID - INE891D01026 and trading code is NSE:REDINGTON with short name Redington.

In the past 1 year, Redington (India) Ltd. has declared an equity dividend of Rs 7.2 per share. At the current share price of REDINGTON at Rs 212.45, this results in a dividend yield of 3.39 %.

As per the Fundamental Analysis of NSE:REDINGTON, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine REDINGTON underlying value and future prospects. All of this data is available in REDINGTON financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:REDINGTON, it is clearly understood that REDINGTON is Standard performer in terms of earnings and profit margins with an EPS of 13.37. NSE:REDINGTON book value per share as of today is 39.74. The current price to book ratio for REDINGTON as of May 15, 2024 is 5.35.

Valuation of the Stock: The current valuation of REDINGTON stock is like Bronze which means currently the stock is Reasonably Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of REDINGTON whether to BUY this stock at current valuation. The delivery percentage of REDINGTON is 46.67% is very crucial parameter which shows that 46.67% investors are anticipating that the price of REDINGTON share should go up with VWAP at 211.18.

Now, the main question is whether to BUY or SELL, NSE:REDINGTON at current valuation.
As per latest Analysis No. #1653:-

⇑ STRONG BUY REDINGTON if All Greens

⇗ BUY REDINGTON (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD REDINGTON (With Stop Loss) if only 1 Green

⇘ SELL REDINGTON if NO Green Indicator

NSE: REDINGTON Share Price Today (May 15, 2024)

(Redington (India) Ltd. Daily Analysis on the basis of REDINGTON Intraday Graph & Trend)

Redington (India) Ltd. share price moved Up by 0.57% from its previous close of Rs 211.25. REDINGTON stock last traded price is 212.45. REDINGTON share price trend is Up with a total of 928960 stocks traded till now. It has touched an intraday high of Rs 213.45 and an intraday low of Rs 208.15. The REDINGTON trading at 212.45, Up by Rs. 1.20, or 0.57 percent which suggests that most of the Traders are anticipating that the price of REDINGTON share should go Up.

NSE: REDINGTON Share Price Tomorrow Prediction

(Redington (India) Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of REDINGTON)

Redington (India) Ltd. share price moved Up by 0.57%. REDINGTON share price short term trend is Up. It suggests that REDINGTON Share Price for Tomorrow remains the same with VWAP at 211.18 will be treated as stop loss for intraday traders. Redington (India) Ltd. Long term investors can follow the REDINGTON long term trend as mentiond in future forecast table.

NSE Code

NSE: REDINGTON

REDINGTON Share Price Today

 212.45

REDINGTON Share Price Target Prediction for 2024 ^

 179.7 - 238.7

REDINGTON Share Price Target Prediction for 2025*^

 238.7 - 254.3

REDINGTON Share Price Target Prediction for 2026*^

 254.3 - 272.1

REDINGTON Share Price Target Prediction for 2027*^

 286

REDINGTON Share Price Target Prediction for 2028*^

 294

REDINGTON Share Price Target Prediction for 2030*^

 320
REDINGTON Current Book Value 2023
39.5

*Redington (India) Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^REDINGTON share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

REDINGTON Technical Analysis

Candlestick Pattern: @218

REDINGTON Moving Averages

BUY (9) NEUTRAL (0) SELL (5)
MA Simple Action S1 Expo Action E2
MA_5 220.56 SELL 220.32 SELL
MA_12 220.55 SELL 219.56 SELL
MA_20 219.5 SELL 217.93 BUY
MA_32 212.87 BUY 214.13 BUY
MA_50 210.93 BUY 209.61 BUY
MA_100 197.69 BUY 200.09 BUY
MA_200 177.22 BUY 185.54 BUY

REDINGTON Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 219.5 Downtrend
MACD -0.65 SELL
ADX 16.46 NO or Weak Trend
DMI (+/-) 23.51 / 18.37 Uptrend

REDINGTON Momentum Oscillators

BUY (1) NEUTRAL (8) SELL (3)
Momentum Oscillators Value Action
RSI 52.74 Neutral
STOCHASTIC_K (Fast) 7.58 Oversold
STOCHASTIC_D (Slow) 24.16 Neutral
CCI -64.35 Neutral
PSAR 237.55 SELL
TRUE RANGE 7.15 Neutral
ATR 8.62 Neutral
WILLIAMS R -66.95 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 57.84 Neutral
MOMENTUM 10.6 BUY

REDINGTON Last 1 Year Trend

Duration Value
1 Year 28.99%
3 Months 21.04%
1 Month 5.11%
1 Week 0.02%

REDINGTON Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 37%
NEUTRAL / HOLD 30%
SELL 33%

Most popular Questions & Answers about REDINGTON


Redington (India) Ltd. stock last traded price is 212.45. REDINGTON share price moved Up by 0.57% from its previous close of Rs 211.25.

Redington (India) Ltd. share price trend is Up with a total of 928960 stocks traded till now. It has touched an intraday high of Rs 239.9255 and an intraday low of Rs 208.15. The REDINGTON trading at 212.45, Up by Rs. 1.20, or 0.57 percent which suggests that most of the Traders are anticipating that the price of REDINGTON share should go Up and the Stop Loss will be around 211.18.

The market cap of Redington (India) Ltd. is ₹12702.4 (in Cr) as of May 14, 2024.

The current price to earning ratio for Redington (India) Ltd. as of May 14, 2024 is 18.37.

The current price to book ratio for Redington (India) Ltd. as of May 14, 2024 is 5.35.

The highest price of Redington (India) Ltd. stock is ₹237.55 in the last 52-week.

The lowest price of Redington (India) Ltd. stock is ₹136.20 in the last 52-week.

Redington (India) Ltd. share trading at ₹212.45, Up by Rs. 1.20, or 0.57 percent which suggests that most of the traders are anticipating that the price of REDINGTON share should go Up.

In 2023, Stock price target for Redington (India) Ltd. (REDINGTON) are ₹179.7 on downside and ₹238.7 on upside. Redington (India) Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Redington (India) Ltd. (REDINGTON) are ₹238.7 on downside and ₹254.3 on upside. Redington (India) Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Redington (India) Ltd. (REDINGTON) are ₹254.3 on downside and ₹272.1 on upside. Redington (India) Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Redington (India) Ltd. (REDINGTON) will be around ₹294 Redington (India) Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of REDINGTON.

As per the fundamental analysis of Redington (India) Ltd. (REDINGTON), it is of Standard quality in terms of earnings and profit margins with an EPS of 13.37. Redington (India) Ltd. book value per share as of today is 39.74. The current price to book ratio for REDINGTON as of May 15, 2024 is 5.35.


NSE:REDINGTON News & Other Useful Information about REDINGTON Share Price


Peer Comparison of NSE: REDINGTON

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Computers - Hardware

Company Price EPS BV
REDINGTON 212.45 13.37 39.74
CEREBRAINT 7.45 0 22.66
HCL-INSYS 17.30 0 -7.75
DLINKINDIA 399.45 24.18 101.57
TVSELECT 320.45 0.14 52.97
COMPINFO 4.35 0 33.68
SMARTLINK 328.30 3.21 204.56
MRO-TEK 100.90 2.76 35.25
EUROMULTI 0.00 0 -144.63
Updated at: 14 May 2024 15:57

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