India's Redington hits record high on Q4 profit surge
20/05/2025 04:54
Corrects second bullet point to clarify Redington does not distribute Samsung products in India ** Shares of Redington REDI.NS up as much as 9% to a record high of 307 rupees, top gainer in Nifty small-cap .NIFSMCP100, which is mostly flat ** Distributor for Apple AAPL.O in India reported 37% surge in Q4 profit on demand for cloud services ** Stock sees best intra-day pct gain since March 21, 2025 ** REDI up 51% YTD vs 6% drop in small-cap index (Reporting by Sethuraman NR in Bengaluru) ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net ))
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