Redington (India)

SELL SELL SELL

Posted by : Guest
Price when posted : BSE: Rs 214.50 ( 0.70 % ), NSE: Rs. 214.00 ( -1.52 % )

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This script still quotes @ P/E of 23+ against its` nearest equal comparison HCL Infosys which quote @ P/E of 5.5. Why? Isn`t Redington over-priced ? Sell Redignton, Buy HCL Infosystems...

Sell

Posted by : Guest
Price when posted : BSE: Rs 234.30 ( -4.23 % ), NSE: Rs. 232.10 ( -4.62 % )

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I have adviced sell on this script in July_08 when it was trading @ 350
See where it is today. All MFs have sold. H/W margins negative, distributors bleeding. SELL will go down to 190-210...

BSE Announcements on Redington

Posted by : MMB Messenger
Price when posted : [Redington - BSE:Rs. 283.35 NSE:Rs. 283.00 when posted]

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Redington India Ltd has informed BSE that the Members of the Company, by way of postal ballot, have approved the following Special Resolutions, with requisite majority:

1. Special Resolution under Section 17 of the Companies Act, 1956 granting approval for alteration of the Objects Clause of the Memorandum of Association of the Company.

2. Special Resolution under Section 31 of the Companies Act, 1956 granting approval for alteration of Articles of Association of the Company....

NSE Announcements on Redington

Posted by : MMB Messenger
Price when posted : [Redington - BSE:Rs. 282.30 NSE:Rs. 285.75 when posted]

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Redington (India) Limited has informed the Exchange that Mr. A. S. Varadarajan, Practicing Chartered Accountant, Scrutinizer, has submitted his report dated September 11, 2008, on the Postal Ballot conducted by the Company and the following Special Resolutions contained in the Notice dated July 25, 2008 pursuant to Section 192A (2) of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001, have been duly approved with requisite majority, by the shareholders:- 1. Special Resolution under Section 17 of the Companies Act, 1956 granting approval for alteration of the Objects Clause of the Memorandum of Association of the Company. 2. Special Resolution under Section 31 of the Companies Act, 1956 granting approval for alteration of Articles of Association of the Company. Further the Company has submitted a copy of result of postal ballot declared by the Whole-time Director of the Company. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...