Is it right time to buy Redington share?

Is it right time to buy Redington share?

Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy REDINGTON. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed buy.

Is Redington India Debt Free?

Company is virtually debt free. Company has a healthy Interest coverage ratio of 11.15. The company has an efficient Cash Conversion Cycle of 20.49 days. The company has a good cash flow management; CFO/PAT stands at 1.29.

Is Redington India a good buy?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Redington (India) Ltd is a good quality company.

What is pe ratio in stocks?

The price/earnings ratio, also called the P/E ratio, tells investors how much a company is worth. The P/E ratio simply the stock price divided by the company’s earnings per share for a designated period like the past 12 months. The price/earnings ratio conveys how much investors will pay per share for $1 of earnings.

Will Redington share go up?

Tomorrow’s movement Prediction of Redington (India) Limited REDINGTON as on 27 Jun 2022 appears strongly Bullish. This stock started moving upwards as soon as it opened….Munafa value: 75 as on 27 Mon Jun 2022.

Upside target	134.73
Upside target	131.97
Downside target	127.58
Downside target	126.63
Downside target	124.82

What is the future of Redington?

View 2 reports from 1 analysts offering long term price targets for Redington (India) Ltd.. Redington (India) Ltd. has an average target of 213.00. The consensus estimate represents an upside of 66.86% from the last price of 127.65.

What is the business of Redington?

Redington (India) Ltd (Redington) is a provider of logistics and supply chain solutions. The company distributes technology and non-technology products and provides logistics and support services.

Is Redington a good company?

Redington FAQs Redington is rated 4.1 out of 5, based on 457 reviews by employees on AmbitionBox. Redington is known for Job Security which is rated at the top and given a rating of 4.3. However, Salary & Benefits is rated the lowest at 3.6 and can be improved.

Is Redington a good buy Quora?

Fundamentally a good stock and sound management makes it a compelling buy. After rising upto about 200+ Rs, the stock has corrected big time since then. Currently it is trading around 108 Rs. From the chart, one thing appears very clear — the downside risk is very limited.

Who is the promoter of Redington India?

Redington India Ltd.’s promoter Harrow Investments has nearly exited the company, selling more than three crore shares on Thursday. The transactions took place on multiple stocks exchanges and saw prominent fund houses like Norges Bank, Reliance Mutual Fund and Enam Group picking up stake in the company.

What is a good PE ratio to buy?

There’s no specific number that indicates expensiveness, but, typically, stocks with P/E ratios of below 15 are considered cheap, while stocks above about 18 are thought of as expensive.

What is the best PE ratio to buy?

So, what is a good PE ratio for a stock? A “good” P/E ratio isn’t necessarily a high ratio or a low ratio on its own. The market average P/E ratio currently ranges from 20-25, so a higher PE above that could be considered bad, while a lower PE ratio could be considered better.

How Warren Buffett picks stocks?

He looks at each company as a whole, so he chooses stocks solely based on their overall potential as a company. Holding these stocks as a long-term play, Buffett doesn’t seek capital gain, but ownership in quality companies extremely capable of generating earnings.

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Nykaa currently has a 28.6 percent market share in the Indian online beauty and personal care market, as per ICICI Securities estimates.