Redington India Ltd
REDINGTON

107.40

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Turnover (lac)
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Day's Vol.(shares)

106.20

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Reduce
Reco. Price
Rs 108.70
We recommend REDUCE rating on the stock on account of decline in PC and smartphone shipment in India. The stock is trading at PE of 9.6x FY17E but considering the risk associated with the company we recommend to reduce it. (Target Price – Rs. 102)
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50 DMA (.)
105.13
100 DMA (.)
100.43
200 DMA (.)
102.95
Weekly Range (.)
105.50
111.00
Monthly Range (.)
102.10
111.00
52 Weeks Range (.)
82.05
126.80
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