NIFTY 23907.25 BANK 51135.40

Redington (India) Ltd.
Share Price Target & Analysis

NSE:REDINGTON

196.68

VWAP

191.34

Open

191.25

Close

198.65

High

191.25

Low

237.55

52 Week High

194.69 ⇧
3.44 (1.8%)

REDINGTON

(IT)
46.5% Momentum

Turnaround Potential

157.5

52 Week Low

13.92

EPS

17.81

PE

4.2

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 6.2 per share. At the current share price of REDINGTON at Rs 194.69, this results in a dividend yield of 3.18 %.

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 13.92. NSE:REDINGTON book value per share as of today is 46.36. The current price to book ratio for REDINGTON as of Nov 23, 2024 is 4.2.

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 42.51% is very crucial parameter which shows that 42.51% investors are anticipating that the price of REDINGTON share should go up with VWAP at 196.68.

Now, the main question is whether to BUY or SELL, NSE:REDINGTON at current valuation.
As per latest Analysis No. #2112:-

⇑ 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 (Nov 23, 2024)

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

Redington (India) Ltd. share price moved Up by 1.8% from its previous close of Rs 191.25. REDINGTON stock last traded price is 194.69. REDINGTON share price trend is Up with a total of 2766480 stocks traded till now. It has touched an intraday high of Rs 198.65 and an intraday low of Rs 191.25. The REDINGTON trading at 194.69, Up by Rs. 3.44, or 1.8 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 1.8%. REDINGTON share price short term trend is Up. It suggests that REDINGTON Share Price for Tomorrow remains the same with VWAP at 196.68 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

 194.69

REDINGTON Share Price Target Prediction for 2024 ^

 165.1 - 209.6

REDINGTON Share Price Target Prediction for 2025*^

 209.6 - 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
46.1

*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: @193.37

REDINGTON Moving Averages

BUY (11) NEUTRAL (0) SELL (3)
MA Simple Action S1 Expo Action E2
MA_5 190.35 BUY 190.96 BUY
MA_12 189.96 BUY 188.61 BUY
MA_20 182.6 BUY 186.89 BUY
MA_32 182.76 BUY 186.37 BUY
MA_50 185.58 BUY 187.74 BUY
MA_100 193.37 SELL 191.61 BUY
MA_200 202.03 SELL 193.53 SELL

REDINGTON Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 182.6 Uptrend
MACD 1.14 BUY
ADX 23.72 NO or Weak Trend
DMI (+/-) 26.18 / 21.31 Uptrend

REDINGTON Momentum Oscillators

BUY (3) NEUTRAL (9) SELL (0)
Momentum Oscillators Value Action
RSI 57.16 Neutral
STOCHASTIC_K (Fast) 54.68 Neutral
STOCHASTIC_D (Slow) 29.87 Neutral
CCI 39.81 Neutral
PSAR 182.36 BUY
TRUE RANGE 11.85 Neutral
ATR 7.89 Neutral
WILLIAMS R -21.99 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 33.33 Neutral
MOMENTUM 14.35 BUY

REDINGTON Last 1 Year Trend

Duration Value
1 Year 25.28%
3 Months -1.02%
1 Month 8.02%
1 Week -1.68%

REDINGTON Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 57%
NEUTRAL / HOLD 33%
SELL 10%

Most popular Questions & Answers about REDINGTON


Redington (India) Ltd. stock last traded price is 194.69. REDINGTON share price moved Up by 1.8% from its previous close of Rs 191.25.

Redington (India) Ltd. share price trend is Up with a total of 2766480 stocks traded till now. It has touched an intraday high of Rs 239.9255 and an intraday low of Rs 191.25. The REDINGTON trading at 194.69, Up by Rs. 3.44, or 1.8 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 196.68.

The market cap of Redington (India) Ltd. is ₹12702.4 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Redington (India) Ltd. as of Nov 22, 2024 is 17.81.

The current price to book ratio for Redington (India) Ltd. as of Nov 22, 2024 is 4.2.

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 ₹157.5 in the last 52-week.

Redington (India) Ltd. share trading at ₹194.69, Up by Rs. 3.44, or 1.8 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 ₹165.1 on downside and ₹209.6 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 ₹209.6 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.

The price of Redington (India) Ltd. (REDINGTON) shares moved by 1.8%. The short-term trend for REDINGTON share price is Up. It implies that the share price of REDINGTON will stay the same tomorrow and that intraday traders should treat VWAP at 196.68 as a stop loss. Investors with a long-term outlook can track REDINGTON long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of REDINGTON stock is 166.9. Compared to the current market price of 194.69 INR, the REDINGTON stock is Overvalued by 14.3%.

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 13.92. Redington (India) Ltd. book value per share as of today is 46.36. The current price to book ratio for REDINGTON as of Nov 23, 2024 is 4.2.


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 194.69 13.92 46.36
CEREBRAINT 8.99 0 18.67
HCL-INSYS 17.16 0 -8.22
DLINKINDIA 535.20 27.2 117.02
TVSELECT 328.50 0 52.97
COMPINFO 2.54 0 33.68
SMARTLINK 189.35 3.17 204.52
MRO-TEK 84.82 5.62 37.17
EUROMULTI 0.00 0 -144.63
Updated at: 22 Nov 2024 15:31

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