PREVIEW: India's Redington rises ahead of Sept. qtr results

Redington

02/11/2022 07:46

** Shares of Indian distributor of Apple products Redington
 REDI.NS  rise as much as 2.95% to 141.40 rupees, their highest
since Oct. 21
    ** Co, which also provides IT services, to report Sept. qtr
results on Wednesday
    ** Co's consolidated profit grew 33.3% to 3.16 billion
Indian rupees ($38.18 million) in the June qtr
    ** Redington benefited from enterprises switching to work
from home during the pandemic, lifting demand for smartphones,
laptops and personal computers 
    ** More than 1.58 mln shares change hands by 0733 GMT vs
30-day avg of 1.55 mln shares
    ** Stock down 5.2% YTD, up to last close
($1 = 82.7650 Indian rupees)
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))