Underperform call on Redington, target price Rs 158: BNP Paribas Securities
BNP Paribas Securities has an underperform call on Redington with a target price of Rs 158. The current market price of Redington is Rs 205.8. Redington, incorporated in 1961, is a Mid Cap company with a market cap of Rs 16074.85 crore, operating in IT — Hardware sector.
Redington's key products/revenue segments include Computer Hardware, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 24952.22 crore, up 16.95% from last quarter Total Income of Rs 21335.29 crore and up 11.91% from last year same quarter Total Income of Rs 22296.59 crore. The company has reported net profit after tax of Rs 282.88 crore in the latest quarter.
The company's top management includes Prof.J Ramachandran, Mr.S V Krishnan, Mr.Tu Shu-Chyuan, Ms.Anita P Belani, Mr.B Ramaratnam, Mr.Sudip Nandy, Ms.Chen Yi-Ju. Company has Deloitte Haskins & Sells as its auditors. As on 30-09-2024, the company has a total of 78 Crore shares outstanding.
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