Redington's Strong Performance Highlights Resilience in IT-Hardware Sector Amid Market Recovery

Redington, a midcap player in the IT-Hardware industry, has shown impressive performance today, gaining 5.45% as of March 21, 2025. This uptick has allowed the stock to outperform its sector by 1.33%. Over the past two days, Redington has demonstrated a consistent upward trend, accumulating a total return of 5.18%. The stock reached an intraday high of Rs 239.45, reflecting a 5.21% increase at its peak.
In terms of moving averages, Redington's stock is currently above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. The broader IT-Hardware sector has also seen gains, rising by 5.18% today.

In the wider market context, the Sensex has rebounded sharply after a negative opening, currently trading at 76,582.99, up by 427.99 points. Redington's performance over various time frames is noteworthy, with a year-to-date increase of 20.32% and a remarkable 540.77% rise over the past five years, significantly outpacing the Sensex's performance during the same period.