Apple products distributor Redington (India) hits record high on bonus issue

Redington

07/07/2021 09:44

** Shares of Indian distributor of Apple  AAPL.O  products
 REDI.NS  rise as much as 7.9% to hit a record high of 329
rupees
    ** Co on Wednesday approved issue of bonus shares in ratio
1:1, subject to shareholder approval  urn:newsml:reuters.com:*:nFWN2OJ0DX
    ** REDI in May had reported March-qtr consol. net profit,
which more than doubled to 3.03 billion Indian rupees ($40.59
million) 
    ** About 3.6 mln shares change hands vs 30-day avg of ~ 2
mln
    ** REDI shares up 131.4% so far this year as of last close
    
    

($1 = 74.6480 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))