Buy Redington with target of Rs 92: Joshi

Buy Redington with a target of Rs 92, says Sharmila Joshi of Fairwealth Securities.

Joshi told CNBC-TV18, "Buy Redington with a target of Rs 92 and a stop loss of Rs 88.25. I think among the consumption play this is possibly a stock, which is in a niche and I really like the stock given the fact that it is really marketing a lot of the high end products right from i-pad to xbox to play book for RIM etc, so I think given the kind of market that one sees for these products and the way the fact that Redington is marketing this makes a very interesting play to my mind."

He further added, "I believe they have an iris scan device which will be used in UID projects, so I think there is considerable upside left in Redington but for the day I buy with a target of Rs 92."