Redington, Ingram Micro offer new iPhones, Apple Watches across India

Redington’s Managing Director Rajiv Srivastava has resigned from the company citing personal reasons.

Redington MD Rajiv Srivastava resigns citing personal reasons

Technology solutions provider Redington Ltd reported a 21.2 percent year-on-year (YoY) decline in net profit at Rs 248.8 crore for Q1FY24 as against Rs 315.8 crore reported in corresponding period last year

Redington share price slips over 5% on weak Q1 earnings

Here are the earnings estimates of major firms that are scheduled to announce their results on Tuesday.

Godrej Agrovet, Redington, PVR Inox Q1 Results Today — Earnings Estimates

The company counts Apple, Cisco, HP, Dell, Microsoft, Lenovo, Samsung, among its key vendors, whose products and technologies it distributes.

Redington pegs on growth, with diversified set of businesses | The Financial Express

At a stark contrast to the quarterly earnings, Redington registered its highest ever full year revenue and net profit during FY23.

Redington drops 6% on decline in Q4 net profit, weak margin

Stocks to Watch: Check out the companies making headlines before the opening bell today.

Buzzing Stocks: Bharti Airtel, JSPL, BPCL, Redington, Oberoi Realty & others in news today

Redington (India) Ltd, the distribution and supply chain solutions provider, has reported a 10 per cent decline in consolidated net profit for the fourth quarter ended March 31, 2023 to ₹310 crore

Redington posts 10 per cent decline in Q4 consolidated net profit

IT products distributor Redington reported 26% increase in quarterly revenue, boosted by demand for laptops and mobile phones

Redington posts record Q4 revenue on strong demand for laptops, phones

Redington, which distributes products of global technology gaints like Apple Inc and Dell Technologies Inc , reported revenue from operations rose to a record 218.49 billion rupees

Redington posts record Q4 revenue on strong demand for laptops, phones | The Financial Express

Redington ties up with SBI for provision of solar loans of up to Rs 5 crore; In first three quarters of 2022-23, Redington achieved a turnover of Rs 57,624 crore and net profit of Rs 1,082 crore.

Redington ties up with SBI for provision of solar loans of up to Rs 5 crore

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Redington (India) Limited operates in the information technology product distribution business, supply chain solutions and after sales services of information technology products.