Redington Ltd Surges as IT Hardware Stock Captures Significant Market Attention

Redington Ltd, a prominent player in the IT Hardware sector, has emerged as one of the most active equities today, with a total traded volume of 10,477,436 shares and a total traded value of approximately Rs 288.49 crores. The stock opened at Rs 261.1 and reached a new 52-week high of Rs 281.9, reflecting an intraday increase of 8.03%. Currently, the last traded price stands at Rs 275.0.
In terms of performance, Redington has outperformed its sector, achieving a 1D return of 5.39%, compared to the IT Hardware sector's return of 3.42%. The stock has shown consistent gains over the past three days, accumulating a total return of 11.46% during this period. Notably, Redington is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has also increased, with a delivery volume of 20.55 lakhs on May 12, marking a 38.73% rise against the 5-day average delivery volume. With a market capitalization of Rs 21,498.80 crores, Redington continues to demonstrate robust liquidity, making it a significant entity in the market. Overall, the stock's performance today highlights its strong position within the IT Hardware industry.