Redington Ltd Share Price Target (2024, 2025, 2026, 2027, 2028, 2029, 2030) Redington Ltd Fundamentals, Financial Trends and more
Earning profit from the share market is difficult but not impossible. People lose money in the share market only when they do not have good knowledge of the share market and invest blindly. If they know well about the stock in which they want to invest, they can earn excellent profits in the long term.
So in this blog, we have brought for you the analysis of such a share in which you want to invest, as you know, its name is Redington Limited.
Hey Friends, my name is Sachin and I am a writer on this website. In this article, we will discuss Redington share price target by doing a technical plus fundamentals analysis. Along with this, we will also look at the financial trends of Redington from which we will try to get an idea of its share price target. So read this article completely so that you get to know about this stock very well and you can make a good decision.
About Redington (India) Ltd
Redington was founded in 1993 by R. Srinivasan and R. Jayachandran. The headquarters of the company is now in Tamil Nadu and currently the CEO of the company is Ramesh Natarajan and the Managing directors are Raj Shankar, and Rajiv Srivastava. Redington Limited is an Indian Information Technology Service Provider and it is a company that offers information technology solutions across mobility, lifestyle, IT, telecom, cloud, and solar verticals. As of now, the company has 81 sales locations and more than 200 warehouses. Redington offers products such as smartphones, and augmented reality/virtual reality-powered wearables.
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Fundamentals of Redington Ltd
| Market Cap. | 13,699 Cr |
| EPS | 15,59 |
| ROE | 18.01% |
| P/E Ratio | 11.03 |
| Dividend Yield | 3.64% |
| Book Value | 88.24 |
| Debt To Equity | 0.48 |
Financial Trends of Redington Ltd
If we talk about the Revenue and Profit of Redington Ltd Company then –
Its revenue in 2019 was ₹ 46,536 Cr and its profit was ₹ 508 Cr. There was a revenue of ₹ 51,465 Cr in 2020 and a profit of ₹ 515 Cr. In the same 2021, there was a profit of ₹ 756 crore with a revenue of ₹ 56,946 Cr. And this year i.e. in 2022 there has been a tremendous profit of ₹ 1,280 Cr with revenue of ₹ 62,644 Cr.
Redington Ltd Share Price Target 2023, 2024, 2025, 2026, 2030 Table
| Year | Redington Ltd Share Price Target |
|---|---|
| 2023 | ₹205 – ₹215 |
| 2024 | ₹255 – ₹265 |
| 2025 | ₹325 – ₹355 |
| 2026 | ₹405 – ₹415 |
| 2027 | ₹530 – ₹560 |
| 2028 | ₹690 – ₹710 |
| 2029 | ₹980 – ₹1020 |
| 2030 | ₹1390 – ₹1440 |
Redington Ltd Share Price Target 2023
Redington Ltd Share Price Target 2023 is between ₹205 – ₹215. Anyway, this stock can give very good returns in the short term as it is trading much lower than its book value. These prices are based on technical analysis made by software’s also these price targets seem quite low, right? Redington Ltd’s price targets are low because of current market conditions since the market is going down and down, day by day. So, please stay updated with us we will continue to update stock prices every month.
Redington Ltd Share Price Target 2024
Redington Ltd is performing well in its sector. The company is continuously expanding its network in the region. Looking at the company’s business, Redington Ltd Share Price Target 2024 is likely to see the first share price target of ₹ 255. After that, the second share price target is likely to go up to ₹ 265 in 2024.
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Redington Ltd Share Price Target 2025
As the company is performing and by looking at its financial trends, investors predicted that the share price of Redington Ltd will be 3× – 4× as compared to the present price. As we know, this industry has become one of the main companies in the Information Technology service sector. Redington Ltd company is paying more attention to its development and is going to start providing new types of services. So if we talk about Redington Ltd Share Price Target 2025 then it could be between ₹325 – ₹355.
Redington Ltd Share Price Target 2030
This company will perform very well in 2030 because its net worth is increasing very fast. An increase in profit, revenue, and net worth augurs well for any company, which is good. If we talk about the growth of Redington Ltd, then we can see growth of up to 1000% in it in 2030. It is also possible that the share price will increase even more than what has been said. Redington Ltd share price target 2030, we may get to see 1st target of INR 1390 and if this company hits this price also then we will get to see another target of INR 1440.
Conclusion
I hope you enjoy knowing the Redington Ltd Share Price Target. If you want any more information then you can ask by commenting. We will try our best to reply to you.
So friends, if you are investing in shares only after seeing the share price target, then do not do this. Because there are many reasons behind the rise and fall of the share price.
FAQs
What will be the share price of Redington after 5 years?
According to our analysis, the price of Redington after 5 years will be INR 530 – INR 560 in 2027. This is the expected price range, the share price of the Redington can be more or less than the predicted one.
What will be the share price of Redington in 2025?
After doing lots of analysis about these stocks. share price of Redington in 2025 can be around 1390 – 1440 rupees.
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