Source: Equity Bulls
Posted On: 2011-06-24 03:02:49
Subsequent to signing with Research-in-Motion Singapore Pte Limited (RIM) for distribution of their BlackBerry Handsets, Software Licenses and updates, RIM has further appointed Redington (India) Ltd as National Distributor for their PlayBook.
The BlackBerry PlayBook is an incredibly powerful and innovative product in the growing tablet market place. This new sign-up would enable the Company to improve its foothold in the Tablet business of the Consumer and Digital Lifestyle Products segment.
The stock was trading at Rs.84.95, down by Rs.2.60 or 2.97%. The stock hit an intraday high of Rs.89 and low of Rs.84.85.
The total traded quantity was 3.39 lakhs compared to 2 week average of 1.12 lakhs.