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Redington Ltd.
08 Feb 2017, 12:00AM
Axis Direct
Redington'sQ3FY17revenue/PAT were better than our estimates led by ~28% YoY growth in India (~39% share) and ~18% YoY growth in overseas(~61%). The PC business grew higher than the industry in both the geographies. Non-IT maintained growth momentum. Working capital reduced significantly to 43 days..
Redington Ltd. is trading below all available SMAs
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