Redington Limited shares surged sharply on February 27, rallying over 14% in intraday trade and emerging as one of the top gainers on the bourses. The stock climbed to an intraday high of ₹280.75, compared to the previous close of ₹244.55, reflecting strong buying momentum during the session.
As of 12:14 PM IST, the stock was trading near its day’s high after opening at ₹244.55. It touched an intraday low of ₹244.00 before witnessing aggressive accumulation through the morning trade. The sharp spike was accompanied by robust volumes, with more than 4,27,08,813 shares changing hands, indicating heightened investor participation.
The rally comes at a time when the stock remains below its 52-week high of ₹334.80, while comfortably above its 52-week low of ₹176.94.
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