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Redington (India) gains after bulk deal

Capital Market/ 10:19 , Apr 30, 2012

Redington (India) rose 1.23% to Rs 90 at 10:10 IST on BSE after 0.14% equity changed hands in a bulk deal on the BSE today, 30 April 2012.

A bulk deal of 5.74 lakh shares was struck on the Redington (India) counter at Rs 90 per share at 09:43 IST on BSE today, 30 April 2012.

Meanwhile, the BSE Sensex was up 94.39 points, or 0.55% to 17,281.73

On BSE, 5.76 lakh shares were traded in the counter as against average daily volume of 84,815 shares in the past one quarter.

The stock hit a high of Rs 90.95 and a low of Rs 89.30 so far during the day. The stock had hit a 52-week low of Rs 65.05 on 20 December 2011. The stock had hit a record high of Rs 102 on 29 July 2011.

The company has an equity capital of Rs 79.76 crore. Face value per share is Rs 2.

On a consolidated basis, Redington (India)'s net profit rose 28.6% to Rs 67.81 crore on 24.7% growth in net sales to Rs 5729.70 crore in Q3 December 2011 over Q3 December 2010.

Redington (India) is into the business of end-to-end supply chain management of IT and non-IT products in South Asia, Middle East and Africa.

 



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