Redington India lost 7.01% to Rs 103.40 at 12:33 IST on BSE after a huge bulk deal of 2.56 crore shares was executed on the scrip at Rs 107 per share at 10:51 IST on BSE today, 6 June 2016.
Meanwhile, the BSE Sensex was down 31.75 points, or 0.12%, to 26,811.28
Bulk deal boosted volume on the scrip. On BSE, so far 2.76 crore shares were traded in the counter, compared with an average volume of 38,880 shares in the past one quarter. The stock hit a high of Rs 112.50 and a low of Rs 98.05 so far during the day. The stock hit a 52-week high of Rs 132 on 24 September 2015. The stock hit a 52-week low of Rs 91.20 on 19 June 2015. The stock had underperformed the market over the past one month till 3 June 2016, rising 4.36% compared with Sensex's 6.39% rise. The scrip had also underperformed the market in past one quarter, gaining 4.71% as against Sensex's 9.09% rise.
The mid-cap company has an equity capital of Rs 79.96 crore. Face value per share is Rs 2.
Redington India's consolidated net profit rose 12.2% to Rs 137.56 crore on 27.7% rise in net sales to Rs 10474.32 crore in Q4 March 2016 over Q4 March 2015.
Redington India is a supply chain solutions provider worldwide to leading manufacturers of information technology, telecom, lifestyle and consumer electronics products.
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