Redington Leads Gainers, Rallies 3%+ on Strong Q3 Performance
Top Gainer of Day Redington Ltd surges 3%+ to ₹275+ in early trade, leading market gainers. IT distribution giant outperforms benchmark amid broader market recovery from Iran war selloff
Strong Q3 Performance Global revenue jumps 16% YoY to ₹30,959 crore in Q3 FY26. Net profit rises 8.87% to ₹435.80 crore. Sequential profit growth of 12.37% shows robust operational momentum
Distribution Leadership India's second-largest IT product distributor operates across 50+ countries. Key partner for Dell, HP, Lenovo, Apple, Samsung. Supply chain solutions drive sticky revenue streams
Dividend Attraction Declared ₹6.80/share dividend in March 2025 (5.36% yield). Strong cash generation supports shareholder returns. Stock up 35.33% over past 12 months despite market volatility
Analyst Outlook Positive Market cap ₹19,118 crore. PE ratio 12.73x—attractive vs sector. Brokerages maintain 'buy' with ₹280-285 targets. Cloud, cybersecurity distribution segments show accelerating growth potential long-term