India's Redington falls on lower Q1 profit

Redington

01/08/2024 06:16

** Shares of Redington  REDI.NS  down 3.3% at 205 rupees,
its biggest intraday pct loss since July 19 
    ** IT products distributor posted a 1% fall in first-quarter
profit
    ** Avg rating of 5 analysts covering the stock is "hold;"
their median PT is 230 rupees - LSEG
    ** Stock up 16% YTD, after a 2% decline in 2023

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))