REDINGTON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.1
| Stock Code | REDINGTON | Market Cap | 21,616 Cr. | Current Price | 276 ₹ | High / Low | 335 ₹ |
| Stock P/E | 15.4 | Book Value | 61.3 ₹ | Dividend Yield | 2.46 % | ROCE | 32.6 % |
| ROE | 35.0 % | Face Value | 2.00 ₹ | DMA 50 | 271 ₹ | DMA 200 | 264 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | 0.31 % | PAT Qtr | 532 Cr. | PAT Prev Qtr | 200 Cr. |
| RSI | 56.6 | MACD | -1.65 | Volume | 15,01,823 | Avg Vol 1Wk | 13,14,415 |
| Low price | 177 ₹ | High price | 335 ₹ | PEG Ratio | 0.99 | Debt to equity | 0.30 |
| 52w Index | 62.9 % | Qtr Profit Var | -14.0 % | EPS | 17.9 ₹ | Industry PE | 32.3 |
📊 Analysis: REDINGTON shows strong potential for intraday trading. Current price (₹276) is above both 50 DMA (₹271) and 200 DMA (₹264), reflecting bullish bias. RSI at 56.6 indicates healthy momentum, while MACD (-1.65) shows mild weakness but not a strong bearish signal. Volume is higher than weekly average, supporting intraday liquidity. Fundamentals are robust with ROCE (32.6%) and ROE (35.0%), alongside a fair P/E (15.4 vs industry 32.3). Dividend yield (2.46%) adds investor confidence, though quarterly profit variation (-14%) signals caution.
💹 Optimal Buy Price: Around ₹274–₹276 (near support zone close to 50 DMA).
🎯 Profit-Taking Exit Levels: ₹282–₹288 (short-term resistance zone).
🛡️ Stop-Loss / Loss Protection: ₹270 (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above ₹275 or RSI drops below 54 intraday. If momentum strengthens with volume, partial profit booking near ₹282–₹288 is advisable.
Positive
- Strong ROCE (32.6%) and ROE (35.0%) reflect excellent efficiency.
- EPS of ₹17.9 supports earnings visibility.
- Dividend yield of 2.46% adds investor confidence.
- Price above both 50 DMA and 200 DMA, showing bullish trend.
- FII (+0.13%) and DII (+0.31%) holdings increased, showing institutional support.
- Volume higher than weekly average, supporting intraday liquidity.
Limitation
- MACD negative (-1.65) indicates mild short-term weakness.
- Quarterly profit variation (-14%) highlights earnings pressure.
- Debt-to-equity ratio (0.30) is manageable but adds leverage risk.
Company Negative News
- Quarterly PAT declined (₹200 Cr → ₹532 Cr) with -14% variation, showing earnings volatility.
Company Positive News
- Strong fundamentals with high ROCE and ROE.
- Institutional support from both FII and DII holdings.
Industry
- Industry P/E at 32.3, much higher than REDINGTON’s P/E (15.4), highlighting undervaluation.
- IT distribution and services sector outlook supported by digital adoption and enterprise demand.
Conclusion
⚡ REDINGTON is a strong candidate for intraday trading today. Technicals show bullish bias with price above DMA levels and healthy RSI, supported by strong fundamentals and institutional buying. Traders should adopt a positive approach: Buy near ₹274–₹276, book profits around ₹282–₹288, and protect downside with stop-loss at ₹270.
Would you like me to also prepare a peer benchmarking overlay comparing REDINGTON with Tech distributors like Ingram Micro and Savex, so you can evaluate relative intraday strength within the IT distribution sector?