Redington surges on tying-up with CtrlS Datacenters for cloud computing products

07 Jun 2013

Redington (India) is currently trading at Rs. 78.25, up by 1.10 points or 1.43% from its previous closing of Rs. 77.15 on the BSE.

The scrip opened at Rs. 80.00 and has touched a high and low of Rs. 80.35 and Rs. 78.00 respectively. So far 27838 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 92.80 on 18-Dec-2012 and a 52 week low of Rs. 65.00 on 13-Aug-2012.

Last one week high and low of the scrip stood at Rs. 80.35 and Rs. 74.60 respectively. The current market cap of the company is Rs. 3155.30 crore.

The promoters holding in the company stood at 21.05% while Institutions and Non-Institutions held 45.39% and 33.56% respectively.

Redington (India) has been appointed as a National Distributor by CtrlS Datacenters (CtrlS) for its Cloud offerings. This partnership will enable the company to enhance its ‘Cloud’ portfolio and is expected to offer significant value to its partners in an emerging technology area.

CtrlS is a part of Pioneer Group, which is primarily involved in IT - services, consulting and infrastructure. CtrlS has developed the capabilities to provide platform level services which includes data center infrastructure, storage, backup, hardware, OS layers, network and security layers.

CtrlS offers a host of outsourced business solutions and services such as Disaster Recovery on demand, Managed services, Private cloud-on-demand to enable clients to make the paradigm shift from the captive datacenter model to the outsourced one.

Redington (India) is engaged in the business of vendor-authorized end-to-end supply chain management of information technology (IT) hardware and software products. The company distributes a range of IT products, such as networking, storage, and enterprise products, as well as servers and software solutions.

Related Redington (India) Ltd. Links:

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181.50 -1.70 (-0.93%) Mar 05, 18:59
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