Yes Bank remained in focus, rising 7 percent to Rs 21.1, the highest closing level since July 13, 2020. It has seen another large bullish candle on the daily charts with robust volumes, especially after decisively breaking out of long horizontal resistance trend line adjoining August 2, December 2 and December 6 this year.

Dabur India prices on daily timeframe are continuously hovering around the upper Bollinger Band which tells that the volatility of the prices are rising for upmove.

Redington, incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 13910.08 Crore) operating in IT - Hardware sector.

India distribution business continued to post double digit growth, Redington said. The company also caters to Singapore, Turkey, the Middle East and the African continent. Meanwhile, the share of revenue from mobility devices rose to 25% from 23% a year ago.

Redington India recently announced its collaboration with Google Cloud, where it will drive the distribution and adoption of Google Workspace and Google Cloud with SMBs, education and public sector, mid-market, and enterprise segments.

"This collaboration will help us enhance the procurement and delivery of relevant cloud services and solutions to enterprises, SMBs," Redington CEO Ramesh Natarajan said.

“India is moving from simple labour arbitrage related manufacturing jobs to original design manufacturing and original equipment manufacturing which in turn will lead to more value addition. So we are pretty constructive on Dixon and it remains our portfolio stock.”

Prabhudas Lilladher is bullish on Redington (India) has recommended buy rating on the stock with a target price of Rs 167 in its research report dated August 04, 2022.

Redington (India) Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 10905.35 Crore) operating in IT - Hardware sector.

Redington (India) saw strong buying interest and had a gap-up opening on Thursday. It climbed 9.1 percent to Rs 139.55, and formed a large bullish candlestick pattern on daily charts with significantly higher volumes.

The distributor of Apple products reported a net profit of Rs 149.85 crore in the quarter ended on June 30, 2022, which is 57 per cent higher than the bottomline of Rs 95.59 crore reported in the same quarter the previous year.

Redington, which supplies Apple iPhones as well as other electronic devices and software in India and other key markets, has been implementing a "pivot" that would rearrange its business channels dependent on brick-and mortar formats to digital streams.