REDINGTON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | REDINGTON | Market Cap | 16,876 Cr. | Current Price | 216 ₹ | High / Low | 335 ₹ |
| Stock P/E | 14.5 | Book Value | 61.3 ₹ | Dividend Yield | 3.15 % | ROCE | 32.6 % |
| ROE | 35.0 % | Face Value | 2.00 ₹ | DMA 50 | 230 ₹ | DMA 200 | 251 ₹ |
| Chg in FII Hold | -0.45 % | Chg in DII Hold | -0.16 % | PAT Qtr | 223 Cr. | PAT Prev Qtr | 532 Cr. |
| RSI | 44.1 | MACD | -2.97 | Volume | 94,04,221 | Avg Vol 1Wk | 55,63,710 |
| Low price | 191 ₹ | High price | 335 ₹ | PEG Ratio | 0.93 | Debt to equity | 0.30 |
| 52w Index | 17.1 % | Qtr Profit Var | -51.5 % | EPS | 14.9 ₹ | Industry PE | 31.1 |
📈 Optimal Buy Price: 214–218 ₹
🎯 Profit-Taking Levels: 225–232 ₹
🛡️ Stop-Loss / Exit Zone: 209 ₹
⏳ Intraday Exit Guidance:
- Exit if price fails to sustain above 214 ₹ with weakening volume.
- Book profits near 225–232 ₹ if RSI approaches 48–50 and momentum slows.
- Intraday exit if MACD remains negative or RSI dips below 42 with fading participation.
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Positive
- EPS at 14.9 ₹ supports earnings base.
- ROCE (32.6%) and ROE (35.0%) indicate strong efficiency.
- Dividend yield at 3.15% provides steady returns.
- Strong liquidity with volume above 94 lakh shares.
- PEG ratio at 0.93 suggests fair growth valuation.
Limitation
- RSI at 44.1 indicates weak momentum.
- MACD negative (-2.97), showing bearish bias.
- Price below both 50 DMA (230 ₹) and 200 DMA (251 ₹).
- Quarterly PAT declined sharply (223 Cr. vs 532 Cr., -51.5%).
- FII (-0.45%) and DII (-0.16%) holdings reduced.
Company Negative News
- Profit contraction raises sustainability concerns.
- Weak technical signals (negative MACD, low RSI).
- Institutional sentiment weakening.
Company Positive News
- Strong efficiency ratios (ROCE, ROE).
- Dividend yield attractive for investors.
- Liquidity ensures intraday trade viability.
Industry
- Industry PE at 31.1, higher than company’s valuation (14.5), showing relative undervaluation.
- IT distribution sector supported by digital transformation demand.
- Competitive landscape with moderate growth outlook.
Conclusion
REDINGTON is a moderate intraday candidate with valuation comfort and strong efficiency metrics, but weak momentum and sharp profit decline limit upside. Tactical trades are viable with strict stop-loss near 209 ₹ and profit exits around 225–232 ₹. Existing holders should monitor RSI and MACD closely for intraday exit signals.
Would you like me to extend this into a peer benchmarking overlay vs. Ingram Micro and Savex Technologies, so you can compare REDINGTON’s intraday setup against other IT distribution peers?