Redington Ltd.

P&H Pattern: Monthly Basis
Strong Resistance at 153/157 Taken Out.
Strong Vol. Consolidation/Further BuiltUp

*With Upside, Trail SL*
*Book Profit as per Risk Appetite*

*Snapshot*
Co. major player in Distribution/Supply Chain Solutions with 235+ International brands in IT/Mobility spaces serving 37 emerging markets.
39,500+ active channel partners, 70+ sales offices, 200+ warehouses.
In LongTerm, as high margin Cloud/Solar Products/Logistics services business Scale Up, it will aid margins.

Sales Improving on Qtrly/Yrly Basis.
Sharp Growth in RoA/RoE/RoCE (Double Digits) in FY22 vs. FY21.
Low Leverage. Improving TNW. Strong C&CE: Rs.3,646.8 Crs (FY22)
Improved WC Cycle/CF from Ops.
Promoter Stake Slightly Down.
FII/DII stake Marginally Up since Jun'22.

*Concern:*
Low Op. profit margins/WC intensive Operations/ Credit sales.

*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
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