The announcement was made after market hours on Tuesday, 26 June 2012.

Meanwhile, the BSE Sensex was up 74.96 points, or 0.44%, to 16,981.54.

On BSE, 1,978 shares were traded in the counter as against an average daily volume of 1.87 lakh shares in the past one quarter.

The stock hit a high of Rs 78.20 and a low of Rs 77.05 so far during the day. The stock had hit a record high of Rs 102 on 29 July 2011. The stock had hit a 52-week low of Rs 65.05 on 20 December 2011.

The stock had underperformed the market over the past one month until 26 June 2012, falling 5.19% compared with the Sensex's 4.25% rise. The scrip had also underperformed the market in past one quarter, falling 14.17% as against 0.86% fall in the Sensex.

The small-cap company has an equity capital of Rs 79.80 crore. Face value per share is Rs 2.

Redington (India) said its wholly-owned subsidiary Easyaccess Financial Services has acquired a 2.30-lakh square feet building 'Sterling Technopolis' located on the Old Mahabalipuram Road in Chennai.

According to an announcement by Redington (India) on the BSE, the property is let out on lease. In the future it could be utilised as an office space for its own employees.

On a consolidated basis, Redington India's net profit rose 33.9% to Rs 102.09 crore on 5.9% rise in net sales to Rs 5515.13 crore in Q4 March 2012 over Q4 March 2011.

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.