The company said the disruption has led to rerouting of shipments and closure of major ports and airspace, resulting in longer transit times.
Redington shares touched an intraday high of Rs 268.5 per share on the NSE, up 15.56 percent.
Stocks to Watch, 05 Feb: Stocks like Tata Power, NHPC, Trent, Welspun Enterprises, Keystone Realtors, Global Health, Bajaj Holdings and Investment, Cummins India, Timken India, CCL Products, Force Motors, Transport Corporation of India, and Lloyds Engineering Works will be in focus on February 5.
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.