Redington (India) is currently trading at Rs. 94.15, up by 1.00 points or 1.07% from its previous closing of Rs. 93.15 on the BSE.
The scrip opened at Rs. 92.15 and has touched a high and low of Rs. 95.20 and Rs. 91.15 respectively. So far 18712 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 159.00 on 09-Apr-2018 and a 52 week low of Rs. 64.00 on 08-Feb-2019.
Last one week high and low of the scrip stood at Rs. 95.20 and Rs. 89.00 respectively. The current market cap of the company is Rs. 3651.53 crore.
The Institutions and Non-Institutions held 55.53% and 44.47% stake respectively in the company.
Redington India’s wholly owned subsidiary -- ProConnect Supply Chain Solutions has acquired 90% stake in Auroma Logistics (ALPL) and proposed to acquire the remaining stake after 3 years at a pre-agreed formula. The objective of the acquisition is to expand the business and operations of the ProConnect in consumer durable goods segment/vertical resulting in bringing net new businesses.
By virtue of aforesaid acquisition, the ALPL has become a subsidiary of ProConnect and step-down subsidiary of the company. ALPL is into business of Warehousing and Logistics with majority of the business covering consumer durable goods segment.
Redington is one amongst the top supply chain solution providers worldwide to over 100 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products.
Company Name | CMP |
---|---|
Adani Enterprises | 3116.40 |
Redington | 223.15 |
Amrapali Industries | 14.84 |
Rashi Peripheral | 338.20 |
Compuage Infocom | 5.33 |
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