Aegis Logistics formed strong Bullish Engulfing candlestick pattern on the daily charts, which is a bullish reversal pattern forming at the downtrend. The stock traded above all key moving averages, with strong volumes.
Cipla formed long bullish candlestick pattern on the daily charts with above average volumes. The stock continued to trade above all key moving averages (20, 50, 100 and 200-day EMAs) which is a positive sign.
The pandemic benefited companies like Redington, which sells everything from smartphones to personal computers and software to consumers and businesses.
Redington has partnered with private sector HDFC Bank to offer various schemes to the new range of iPhones, the Chennai-based company said in a statement.
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) 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 company said that this will be applicable for all Redington employees in India whether they are working from office, home, or any other remote location
RHI Magnesita India is well placed above its 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments. With current week's high (Rs 668) it has registered an all-time high indicating positive bias.
Marina IV (Singapore) Pte Limited sells 54.4 lakh equity shares in Redington India (0.69 percent) at Rs 150.42 per share on the BSE.
Prabhudas Lilladher is bullish on Redington (India) has recommended buy rating on the stock with a target price of Rs 213 in its research report dated November 10, 2021.
Prabhudas Lilladher is bullish on Redington (India) has recommended buy rating on the stock with a target price of Rs 202 in its research report dated September 29, 2021.
The Board of Directors have considered, approved and recommended a bonus issue of one equity share of Rs 2 each fully paid up for every one equity share of Rs 2 each held as on the record date decided for this purpose.