Underperform call on Redington, target price Rs 158: BNP Paribas Securities Jobbery Stock Market update

BNP Paribas Securities rates Redington as underperform with a target price of Rs 158. The current market price is Rs 205.8. Redington’s revenue and profits have shown growth, but BNP Paribas sees no significant pick-up in future growth or margin. The stock valuation is considered expensive with consensus estimates at risk.