Redington (India) has an intraday target of Rs 318-336. So, the interested investors should purchase Redington (India) stock with a stop loss at Rs 300.

In early trading, the stock is hovering near Rs 305, down 0.3% from its yesterday’s closure on BSE.

Investors need not to worry as the stock has the capacity to break its earlier records, and achieve the said target.

Redington India is in the process of getting hold of a Delhi based Non Banking Finance Company (NBFC), Easyaccess Financial Services. The deal is subject to the necessary regulatory approvals.

Established in 1961, Redington India started Indian operations in 1993. Redington India has its operation across India, Middle East and Africa.The company has transformed itself from a pure IT products distribution company to a supply chain solution source.

William Adamopoulos, President & Publisher, Forbes Asia, has recently joined the Board of DirectorsRedington (India) Ltd of Chennai. It is the first Indian Company in whose board Mr. Adamopoulos has been seated.