Redington (India) Buy Hold or Sell Recommendation
| REDINGTON | 194.69 3.44 1.80% |
Assuming the 90 days trading horizon and your highly speculative risk level, our recommendation regarding Redington Limited is 'Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Redington Limited given historical horizon and risk tolerance towards Redington. When Macroaxis issues a 'buy' or 'sell' recommendation for Redington Limited, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Redington Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Redington and provide practical buy, sell, or hold advice based on investors' constraints. Redington Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Redington |
Execute Redington Buy or Sell Advice
The Redington recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Redington Limited. Macroaxis does not own or have any residual interests in Redington Limited or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Redington's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Redington Trading Alerts and Improvement Suggestions
| Redington Limited generated a negative expected return over the last 90 days | |
| Redington Limited is unlikely to experience financial distress in the next 2 years | |
| About 27.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Redington Q2 results Net profit down at Rs 282.88 cr, total income rises - Business Standard |
Redington Returns Distribution Density
The distribution of Redington's historical returns is an attempt to chart the uncertainty of Redington's future price movements. The chart of the probability distribution of Redington daily returns describes the distribution of returns around its average expected value. We use Redington Limited price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Redington returns is essential to provide solid investment advice for Redington.
| Mean Return | -0.07 | Value At Risk | -2.86 | Potential Upside | 4.27 | Standard Deviation | 2.16 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Redington historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Redington Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 4.1B | 6.9B | (13.0B) | (24.4B) | 4.4B | 4.6B | |
| Change In Cash | 14.6B | 6.5B | 3.5B | (14.6B) | (2.6B) | (2.5B) | |
| Free Cash Flow | 8.8B | 34.5B | 8.6B | (34.0B) | 6.8B | 7.1B | |
| Depreciation | 633.6M | 1.6B | 1.5B | 1.4B | 1.8B | 1.9B | |
| Other Non Cash Items | 2.0B | 982.9M | 1.6B | 3.1B | 2.4B | 2.5B | |
| Capital Expenditures | 838M | 480.2M | 1.3B | 1.6B | 1.2B | 764.1M | |
| Net Income | 5.3B | 7.9B | 13.1B | 14.4B | 12.2B | 6.1B | |
| End Period Cash Flow | 22.8B | 29.3B | 32.7B | 18.1B | 15.4B | 10.5B | |
| Dividends Paid | 1.1B | 3.5B | 4.5B | 5.2B | 5.6B | 5.9B | |
| Investments | (142.4M) | (5.4B) | 2.0B | 1.8B | 1.5B | 1.5B | |
| Net Borrowings | 10.2B | (21.0B) | 930.8M | 23.1B | 26.6B | 27.9B | |
| Change To Netincome | 3.5B | 2.6B | 1.9B | 3.6B | 4.1B | 2.6B |
Redington Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Redington or IT Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Redington's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Redington stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 2.17 | |
Ir | Information ratio | -0.09 |
Redington Volatility Alert
Redington Limited exhibits very low volatility with skewness of 2.03 and kurtosis of 6.66. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Redington's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Redington's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Redington Fundamentals Vs Peers
Comparing Redington's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Redington's direct or indirect competition across all of the common fundamentals between Redington and the related equities. This way, we can detect undervalued stocks with similar characteristics as Redington or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Redington's fundamental indicators could also be used in its relative valuation, which is a method of valuing Redington by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Redington to competition |
| Fundamentals | Redington | Peer Average |
| Return On Equity | 0.16 | -0.31 |
| Return On Asset | 0.043 | -0.14 |
| Profit Margin | 0.01 % | (1.27) % |
| Operating Margin | 0.02 % | (5.51) % |
| Current Valuation | 165.13 B | 16.62 B |
| Shares Outstanding | 781.77 M | 571.82 M |
| Shares Owned By Insiders | 26.98 % | 10.09 % |
| Shares Owned By Institutions | 39.09 % | 39.21 % |
| Price To Book | 2.02 X | 9.51 X |
| Price To Sales | 0.17 X | 11.42 X |
| Revenue | 894.69 B | 9.43 B |
| Gross Profit | 48.86 B | 27.38 B |
| EBITDA | 25.93 B | 3.9 B |
| Net Income | 12.19 B | 570.98 M |
| Cash And Equivalents | 4.88 B | 2.7 B |
| Total Debt | 29.58 B | 5.32 B |
| Book Value Per Share | 97.64 X | 1.93 K |
| Cash Flow From Operations | 10.79 B | 971.22 M |
| Earnings Per Share | 15.56 X | 3.12 X |
| Target Price | 225.88 | |
| Number Of Employees | 5.04 K | 18.84 K |
| Beta | 0.95 | -0.15 |
| Market Capitalization | 148.62 B | 19.03 B |
| Total Asset | 243.94 B | 29.47 B |
| Retained Earnings | 63.16 B | 9.33 B |
| Working Capital | 69.54 B | 1.48 B |
| Annual Yield | 0.03 % | |
| Net Asset | 243.94 B |
Redington Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Redington . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Redington Buy or Sell Advice
When is the right time to buy or sell Redington Limited? Buying financial instruments such as Redington Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
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Additional Tools for Redington Stock Analysis
When running Redington's price analysis, check to measure Redington's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Redington is operating at the current time. Most of Redington's value examination focuses on studying past and present price action to predict the probability of Redington's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redington's price. Additionally, you may evaluate how the addition of Redington to your portfolios can decrease your overall portfolio volatility.