India's Redington down as Q4 rev misses estimates

Redington

16/05/2024 05:12

** Shares of Redington  REDI.NS  down 4.3% to 205.95 rupees
    ** IT products distributor's Q4 revenue inched up 2.7% YoY
and missed estimates
    ** Stock set for worst day since Feb. 7 and on track to snap
four-day winning run
    ** Smaller peers who both listed earlier this year Jyoti CNC
Automation  JYCA.NS  and Rashi Peripherals  RASI.NS  yet to
report results
    ** YTD, REDI up 16.4%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))