REDINGTON - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

IntraDay Trade Rating: 3.7

💻 REDINGTON offers strong fundamentals and valuation comfort, but weak momentum and technical resistance suggest a cautious intraday approach.

📈 Positive

• 📊 P/E of 13.1 vs. industry P/E of 41.0 indicates attractive valuation.
• 📈 ROCE of 32.6% and ROE of 35.0% reflect excellent capital efficiency.
• 💰 Dividend yield of 2.72% adds to investor appeal.
• 📈 Quarterly PAT of ₹200 Cr. with 28.6% YoY growth shows earnings strength.
• 📈 DII holding increased by 0.32%, indicating domestic institutional confidence.

⚠️ Limitation

• 📉 MACD at -4.41 and RSI at 36.7 indicate bearish momentum and oversold territory.
• 📉 Price trading below DMA 50 (₹266) and DMA 200 (₹255), confirming technical weakness.
• 📉 Volume of 18.8 lakh is slightly below 1-week average of 21.1 lakh, showing moderate intraday interest.
• 📉 FII holding declined by 0.77%, reflecting foreign investor caution.

🚫 Company Negative News

• 📉 Sequential PAT decline from ₹209 Cr. to ₹200 Cr. may indicate margin pressure.

✅ Company Positive News

• 🖥️ Strong demand in IT distribution and services continues to support revenue visibility.
• 📢 Operational efficiency and working capital discipline enhance profitability.

🏭 Industry

• 💼 Industry P/E of 41.0 reflects high growth expectations in IT distribution and tech services.
• 📈 Sector supported by digital transformation, cloud adoption, and enterprise tech spending.

📌 Conclusion

• ⚠️ REDINGTON is a moderate intraday candidate with strong fundamentals but weak momentum and technical resistance.
• 💡 Consider buying near ₹248–₹250 with target at ₹255–₹258 and stop-loss at ₹244.
• 📤 If already holding, exit if price crosses ₹257 with volume > 22 lakh or RSI > 42.

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