TheScreener - Redington India (REDINGTON) REDINGTON (INDIA) is slightly downgraded to Slightly Positive due to an increasingly adverse environment

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REDINGTON (INDIA) is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of REDINGTON (INDIA) (IN), active in the Computer Services industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date February 15, 2022, the closing price was INR 170.10 and its potential was estimated at INR 196.04.

16/02/2022 1 EN

Underlying

Redington India

Redington (India) Limited is an India-based company, which operates in the information technology product distribution business, supply chain solutions and after sales services of information technology products. The Company and its subsidiaries operate in India, the Middle East, Turkey, Africa and South Asia countries. The Company's segments include Distribution and Services. The Services segment includes logistics and support services. Its geographical segments include India and overseas. Its information technology products include Personal Computing & Printing; Commercial, Enterprise & Infrastructure; Cloud Services, and Software & Security. In addition, the Company offers Consumer and Digital Lifestyle Products. The Company has a product portfolio across approximately 200 brands in different categories. The Company has approximately 90 sales locations, 100 owned service centers and 280 partner service centers across India.

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INE891D01026 National Stock Exchange of India India

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REDINGTON (INDIA) is slightly downgraded to Slightly Positive due to an increasingly adverse environment

Empowering Investors

Redington India's Q3FY20 results (Outperformer) - Mobility powered growth, but ProConnect hurts marginsâ€¦

Redington India's Q2FY20 results (Outperformer) - Mobility powers revenue but impacts marginsâ€¦

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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