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Markets

Redington could gain as memory shortage reshapes ICT distribution; brokerage sees 20% upside

viaeconomictimes.indiatimes.com15 Oct
Redington could gain as memory shortage reshapes ICT distribution; brokerage sees 20% upside
DAM Capital has re-initiated coverage on Redington with a Buy rating and a target price of Rs 470, implying nearly 20% upside. The brokerage sees the memory shortage, distributor consolidation and software growth supporting revenue expansion and improving returns.

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