Redington Stock Sees 5.0% Increase, Outperforms Sector Amidst Volatility and 'Sell' Call

Nov 14 2024 09:30 AM IST
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On November 14, 2024, Redington, a midcap IT hardware company, saw a 5.0% increase in its stock price, outperforming the sector by 2.28%. Despite high volatility, the stock reached an intraday high of Rs 190.55 and is currently trading above its 20-day and 50-day moving averages. With a high dividend yield and positive performance compared to the Sensex, investors may want to monitor Redington's stock in the IT hardware industry.

Redington, a midcap IT hardware company, saw a 5.0% increase in its stock price on November 14, 2024. This gain was noted by MarketsMOJO, who has given a 'Sell' call for the company's stock.

The stock's performance today has outperformed the sector by 2.28%, indicating a positive trend for the company. After two consecutive days of falling, the stock has reversed its trend and gained today. It reached an intraday high of Rs 190.55, showing a 2.39% increase.

The stock has been highly volatile today, with an intraday volatility of 67.13%, calculated from the weighted average price. However, it is currently trading higher than its 20-day and 50-day moving averages, but lower than its 5-day, 100-day, and 200-day moving averages.

Investors may also be interested to know that Redington has a high dividend yield of 3.33% at its current price. In comparison to the Sensex, the company has performed well in the past 1 day and 1 month, with a 5.00% and 6.89% increase, respectively, while the Sensex has only seen a 0.08% increase and a -5.15% decrease, respectively.

Overall, Redington's stock has shown positive performance and volatility today, with a 'Sell' call from MarketsMOJO. Investors may want to keep an eye on the company's stock as it continues to perform in the IT hardware industry.
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