Redington Ltd's Stock Performance Soars, Outperforms Sector and Offers High Dividend Yield

Redington Ltd, a midcap IT hardware company, has been making waves in the stock market with its recent performance. The company's stock opened with a gain of 4.04% today, outperforming the sector by 0.29%. This positive trend has been reflected in the stock's movement throughout the day, with it touching an intraday high of Rs 207.45 (5.33%) and an intraday low of Rs 191.35 (-2.84%).

One of the key factors contributing to Redington's success is its strong financials. The company's moving averages are higher than the 5 day, 20 day, 100 day, and 200 day moving averages, indicating a consistent upward trend. However, it is worth noting that the stock is currently lower than the 50 day moving average, which could be a potential area for improvement.

In terms of sector performance, IT - Hardware has gained by 5.02%, further solidifying Redington's position as a top player in the industry. Additionally, the company offers a high dividend yield of 3.58% at the current price, making it an attractive option for investors.

According to MarketsMOJO, Redington's stock call is a 'Buy', with a 1 day performance of 5.97% compared to the Sensex's performance of 3.31%. Even in the past month, Redington has outperformed the Sensex with a -4.35% performance compared to the Sensex's 0.80%.

Overall, Redington Ltd is a strong and promising company in the IT hardware industry, with a positive and upward trend in its stock performance. With its solid financials and strong sector performance, it is definitely a stock to keep an eye on for potential investors.