SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Redington edges higher as its arm acquires additional 12% stake in RCS

10 Dec 2019 Evaluate

Redington (India) is currently trading at Rs. 109.15, up by 0.15 points or 0.14% from its previous closing of Rs. 109.00 on the BSE.

The scrip opened at Rs. 108.85 and has touched a high and low of Rs. 110.50 and Rs. 108.80 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 133.80 on 25-Nov-2019 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. 112.25 and Rs. 107.60 respectively. The current market cap of the company is Rs. 4293.51 crore.

The Institutions and Non-Institutions held 58.81% and 41.19%, stake in the company respectively.

Redington India’s wholly owned subsidiary -- ProConnect Supply Chain Solutions has acquired additional 12% stake in Rajprotim Supply Chain Solutions (RCS). With this acquisition, the total holding of ProConnect in RCS is increased from 88% to 100% and hence pursuant to this acquisition, RCS becomes a wholly owned subsidiary of ProConnect.

The objective of acquisition is to expand the business operations of ProConnect resulting in addition of Customers, warehousing and transportation contracts.

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.

Redington Share Price

234.90 6.90 (3.03%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×