REDINGTON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.8
| Stock Code | REDINGTON | Market Cap | 17,411 Cr. | Current Price | 223 ₹ | High / Low | 335 ₹ |
| Stock P/E | 14.0 | Book Value | 67.8 ₹ | Dividend Yield | 3.05 % | ROCE | 26.4 % |
| ROE | 25.2 % | Face Value | 2.00 ₹ | DMA 50 | 225 ₹ | DMA 200 | 246 ₹ |
| Chg in FII Hold | -0.45 % | Chg in DII Hold | -0.16 % | PAT Qtr | 289 Cr. | PAT Prev Qtr | 223 Cr. |
| RSI | 51.9 | MACD | 0.30 | Volume | 16,90,956 | Avg Vol 1Wk | 25,31,656 |
| Low price | 191 ₹ | High price | 335 ₹ | PEG Ratio | 2.72 | Debt to equity | 0.28 |
| 52w Index | 22.0 % | Qtr Profit Var | 37.8 % | EPS | 15.9 ₹ | Industry PE | 25.6 |
Analysis:
REDINGTON is trading at 223 ₹, near DMA 50 (225 ₹) but below DMA 200 (246 ₹), showing short-term stability but medium-term weakness. RSI at 51.9 indicates neutral momentum, while MACD at 0.30 suggests mild bullish crossover. Volume (16,90,956) is below the 1-week average (25,31,656), reflecting reduced participation. Fundamentals remain strong with ROCE (26.4%) and ROE (25.2%), though valuation is modest (P/E 14 vs industry 25.6). Dividend yield at 3.05% adds investor appeal.
Optimal Buy Price:
Entry zone: 220–224 ₹ if price sustains with volume support.
Exit Levels:
- Profit-taking: 230–236 ₹ (near-term resistance)
- Stop-loss: 215 ₹ (below intraday support)
If Already Holding:
Exit intraday if price fails to hold above 220 ₹ or if RSI dips below 50 with declining volume. Trail stop-loss to 224 ₹ once price moves above 230 ₹.
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Positive
- Strong ROCE (26.4%) and ROE (25.2%)
- EPS at ₹15.9 supports earnings visibility
- Dividend yield at 3.05% provides steady returns
- PAT growth (223 Cr. → 289 Cr., +37.8%) shows operational strength
Limitation
- Price below DMA 200 indicates medium-term weakness
- PEG ratio (2.72) reflects expensive growth prospects
- Volume below average reduces intraday conviction
Company Negative News
- FII holding reduced (-0.45%) and DII holding reduced (-0.16%)
- Medium-term technical weakness below DMA 200
Company Positive News
- PAT growth supports earnings momentum
- Dividend yield attractive for investors
- Technical support near DMA 50
Industry
- Industry PE at 25.6 highlights sector trading at higher multiples
- IT distribution sector supported by demand for hardware and services
- Competitive landscape with peers offering diversified exposure
Conclusion
REDINGTON is a moderately strong intraday candidate with solid fundamentals but medium-term technical weakness. Optimal buy near 220–224 ₹ with profit exits around 230–236 ₹. Stop-loss at 215 ₹ is essential. Existing holders should trail stops and monitor RSI/volume closely for intraday exit signals.
This structured HTML report captures REDINGTON’s intraday setup with clear entry/exit logic. Would you like me to extend this into a peer benchmarking overlay against Tech distributors like Ingram Micro and Savex for sharper sector positioning?