India's Redington gains on quarterly profit jump

Redington

06/11/2025 05:09

** Shares of Redington REDI.NS jump 10.8% to 277.3 rupees, highest since October 15

    ** Stock logs biggest intraday percentage gain since September 16

** Apple AAPL.O products distributor posts 34% y/y rise in September-quarter consol net profit; rev from ops rises 16.7% y/y

** More than 19.3 mln shares change hands, 4.1x of 30-day avg

** REDI rated "hold" by 4 analysts on average; median target price is 275 rupees – data compiled by LSEG

** Stock up 38.6% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))