Mumbai, September 4 (Kiran News): Shares of Redington gained on Thursday after the company announced a strategic distribution agreement with US-based cybersecurity firm CrowdStrike.
The stock was trading at ₹240.70 on the BSE, up by ₹3.30 or 1.39% from its previous close of ₹237.40. The scrip opened at ₹240.15 and touched an intraday high of ₹241.75 and a low of ₹238.10. A total of 17,077 shares were traded on the counter.
Redington’s market capitalisation stands at ₹18,657.05 crore. The stock has a 52-week high of ₹334.90 recorded on June 30, 2025, and a 52-week low of ₹159.10 on October 25, 2024. Over the past week, it has traded between ₹233.20 and ₹246.60.
Institutional investors hold 79.29% in the company, while non-institutional investors account for 20.71%.
As part of the new agreement, Redington will bring the AI-native CrowdStrike Falcon platform to its customers and partners across India. The partnership is aimed at strengthening Redington’s cybersecurity portfolio, expanding CrowdStrike’s regional channel ecosystem, and enabling partner resellers to consolidate vendors and prevent breaches.
Redington will leverage its extensive channel network to promote growth across tier-1, tier-2, and tier-3 markets in India. The company plans to drive adoption through field and inside sales, demand generation initiatives, digital platform amplification, and dedicated pre- and post-sales technical support to ensure seamless deployment of the Falcon platform.
Redington is engaged in the distribution of information technology, mobility and other technology products, alongside providing supply chain solutions.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
