Redington share price climbed over 12% to Rs 282.70. It was backed by trading volume of more than 5.3 crore shares, far above its 20-day average of 12 lakh shares.
The company shows solid financial strength with a market cap of Rs. 21,760 crore and a strong 39.50% year-on-year EPS growth.
Even as the broader market and BSE Sensex fell sharply, Redington stayed strong. The stock traded above its 50-day moving average.
Redington share price was one of the biggest winners in the stock market on February 27, 2026. While the broader market struggled, the company became a top pick for many. The stock opened at Rs. 244.55 and quickly climbed to an intraday high of Rs. 282.70. This move represents a jump of over 12% from its previous close. Even more notable is the trading volume, which reached over 5.3 crore shares today. This is a massive increase compared to its 20-day average volume of just 12 lakh shares.
Here’s an in-depth analysis of Redington share price based on Moneycontrol data.
The latest data shows that Redington has a solid financial base. Its market cap was at Rs. 21,760 crore. For those who look at value, the stock has a Price-to-Earnings (PE) ratio of 12.33. This is quite low when you compare it to the Sector PE of 15.50. A lower PE often suggests that a stock is still affordable for its current earnings level.
Additionally, the company reported a Trailing Twelve Month (TTM) Earnings Per Share (EPS) of 22.57. This is a 39.50% increase from the previous year. For investors who like steady income, Redington shares offer a dividend yield of 2.44%. With a book value per share of 120.57, the company shows it has real assets to back up its stock price.
Today's price action pushed the stock toward its 52-week high of Rs. 334.80. Traders also kept a close eye on the Upper Circuit (UC) limit of 293.45. While the stock stayed above its 50-day moving average, it still has some room to go before it breaks its all-time high.
Experts use different levels to predict where the price might go next. Based on the classic pivot point data, the stock faces resistance at Rs. 247.27 and Rs. 249.98. On the other hand, it has support levels at Rs. 240.07 and Rs. 235.58. These numbers help traders decide when to buy or sell.
Despite the big jump today, analysts remain split on Redington stock's future. Out of three major analysts on Moneycontrol, one suggests a ‘Buy,’ another says ‘Outperform,’ and the third recommends a ‘Hold.’ No one has a ‘Sell’ rating on the stock right now.
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Redington share price beta stands at 1.15. This means the stock is a bit more volatile than the general market. However, in a session where Sensex fell by over 400 points, Redington stock’s ability to stay in the green zone shows strong relative strength. Investors now wait to see if the stock can end the day near its intraday high or if it will face profit-booking before the close.
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1. Why are Redington shares going up?
Redington share price jumped more than 12% due to strong buying interest and heavy trading volumes. Over 5.3 crore shares were traded, which is much higher than its 20-day average of 12 lakh shares. Even when the broader market and the BSE Sensex were down, the stock stayed strong. This shows clear demand from traders and short-term momentum in the counter.
2. What is Redington share price today?
Redington share price touched an intraday high of Rs. 282.70 after opening at Rs. 244.55. The stock recorded a gain of over 12% during the session. It also moved closer to its 52-week high of Rs. 334.80. The sharp rise came with very strong volume, which supports the price move.
3. Is Redington stock undervalued?
Redington is trading at a PE ratio of 12.33, which is lower than the sector PE of 15.50. This suggests the stock is reasonably priced compared to its peers. The company also reported a 39.50% rise in its EPS to 22.57. A lower PE with strong earnings growth often attracts value investors.
4. What are key Redington share price levels?
Traders are watching resistance levels around Rs. 247.27 and Rs. 249.98 based on pivot data. On the downside, support is seen near Rs. 240.07 and Rs. 235.58. The upper circuit level stands at Rs. 293.45. These levels help traders plan entries and exits during volatile sessions.
5. Should I buy Redington stock?
The stock has shown strong short-term momentum and is trading above its 50-day moving average. However, analyst views are mixed, with ratings ranging from Buy to Hold on Moneycontrol. Investors may wait for stability near key levels or confirmation of sustained volume before taking fresh positions.