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

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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

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