Redington Ltd Trades 13.5 Million Shares Today, Surpassing Rs 37 Crores in Value

Redington Ltd, a small-cap player in the Trading & Distributors industry, has emerged as one of the most active equities today, with a total traded volume of 13,496,113 shares and a total traded value of approximately Rs 370.29 crores. The stock opened at Rs 265.15, reflecting a gain of 5.95% from the previous close of Rs 250.25, and reached an intraday high of Rs 279.5, marking a notable increase of 10.89%.
Today’s performance indicates a trend reversal for Redington, which has gained after four consecutive days of decline. The stock has outperformed its sector, achieving a 1D return of 11.43%, compared to the IT - Hardware sector's return of 5.09% and the Sensex's marginal increase of 0.03%.

Despite a decrease in delivery volume, which fell by 14.09% against the five-day average, Redington remains liquid enough for trades sized at Rs 1.09 crores, based on 2% of the five-day average traded value. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. Overall, Redington's performance today reflects a significant rebound and a robust market presence.