REDINGTON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | REDINGTON | Market Cap | 18,094 Cr. | Current Price | 231 ₹ | High / Low | 335 ₹ |
| Stock P/E | 15.5 | Book Value | 61.3 ₹ | Dividend Yield | 2.94 % | ROCE | 32.6 % |
| ROE | 35.0 % | Face Value | 2.00 ₹ | DMA 50 | 256 ₹ | DMA 200 | 261 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | 0.31 % | PAT Qtr | 223 Cr. | PAT Prev Qtr | 532 Cr. |
| RSI | 40.9 | MACD | -7.70 | Volume | 37,42,929 | Avg Vol 1Wk | 51,56,777 |
| Low price | 177 ₹ | High price | 335 ₹ | PEG Ratio | 1.00 | Debt to equity | 0.30 |
| 52w Index | 34.4 % | Qtr Profit Var | -51.5 % | EPS | 14.9 ₹ | Industry PE | 29.9 |
📊 Analysis: REDINGTON shows moderate intraday potential. Current price (₹231) is below both 50 DMA (₹256) and 200 DMA (₹261), reflecting short-term weakness. RSI at 40.9 indicates near oversold territory, while MACD (-7.70) suggests bearish bias. Volume is lower than the 1-week average, showing reduced participation. The stock is trading within its 52-week range (₹177–₹335), leaving room for intraday swings but capped by weak momentum and profit contraction.
💰 Optimal Buy Price: Around ₹228–231 if support holds.
🎯 Profit-Taking Levels: ₹240–245 (short-term resistance).
🛡️ Stop-Loss: ₹222 (below near-term support).
⏱️ If Already Holding: Exit near ₹240–245 if momentum slows. If price breaks below ₹222 with strong volume, consider intraday exit to protect capital.
Positive
- Strong ROCE (32.6%) and ROE (35.0%).
- Dividend yield of 2.94% adds investor appeal.
- EPS at ₹14.9 supports valuation.
- FII (+0.13%) and DII (+0.31%) holdings increased.
Limitation
- Current price below both 50 DMA and 200 DMA, showing weakness.
- Quarterly PAT declined sharply (₹223 Cr vs ₹532 Cr).
- Volume below weekly average, limiting intraday strength.
- High volatility with sharp profit contraction (-51.5%).
Company Negative News
- Quarterly profit contraction of over 50%.
- Stock trading below key moving averages.
- Bearish momentum indicators (MACD).
Company Positive News
- Strong fundamentals with high ROCE and ROE.
- Institutional inflows (FII and DII) support sentiment.
- Dividend yield provides investor confidence.
Industry
- Industry PE at 29.9, REDINGTON trades at a discount (15.5).
- IT distribution and services sector benefits from digital adoption, though cyclical risks remain.
Conclusion
⚖️ REDINGTON is a moderate candidate for intraday trading today. While fundamentals and institutional inflows are supportive, momentum indicators remain weak and profit contraction limits upside. Traders should attempt entries near support with strict stop-loss discipline and aim for quick exits at resistance. Long-term investors may hold for fundamentals and dividend yield, but intraday upside remains limited.
Would you like me to prepare a peer benchmarking overlay with IT distribution and service players like Ingram Micro, Savex Technologies, and Supertron Electronics so you can compare REDINGTON’s intraday setup against sector peers for confirmation signals?