Stock of Interest

Posted On: August 1, 2023

Stock Report: REDINGTON (NSE) 31 Jul 2023 

Redington Ltd is a company that was founded in 1993 by R. Srinivasan and R. Jayachandran. Since June 11, 2022, Ramesh Natarajan has been serving as the CEO, while S. V. Krishnan holds the position of CFO. The company’s headquarters are situated in Tamil Nadu. As of 2023, Redington Ltd has a workforce of 4,651 employees. Additionally, the company has a subsidiary called Ensure Services Arabia LLC. Redington Ltd is listed under the stock ticker “REDINGTON.” Throughout its years of operation, the company has grown and expanded its reach, making a significant impact in its industry and offering valuable services to its customers.

#xCalData predicts that #REDINGTON will continue its bearish phase over the next five days and trend within the range of 188 to 176.

In comparison to the previous month, the price of the stock has experienced a decline of 3.27% indicating a bearish.

The Stock has doubled once since 19 Jun 2015 and took an average of 2.4 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only one technical indicator namely Trendline, indicates Neutral view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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