Redington shares rally 8% on iPhone 17 launch; gain 28% in five sessions

Shares of Redington Ltd jumped 7.59% to hit an intraday high of Rs 310 on the BSE on Friday, as investor sentiment turned bullish following the launch of the iPhone 17. The stock has gained 28% over the last five sessions, reflecting optimism around the company’s long-standing distribution partnership with Apple and its strong execution in high-growth markets.

The surge in Redington’s stock is attributed to its critical role in Apple’s supply chain across India and several international markets. With iPhone 17 pre-orders opening earlier this week, the market is pricing in a potential spike in volume growth through Redington’s distribution channels.

Redington has been Apple’s distribution partner in India since 2007, handling logistics, warehousing, and retail distribution across key regions including the Middle East, Turkey, Africa, and South Asia. Its diversified geographic footprint and cross-vertical execution have helped the company capitalize on rising demand for high-end devices.


In the June quarter, Redington reported revenue of Rs 25,952 crore, up 22% year-on-year (YoY) from Rs 21,282 crore. While sequential growth was muted, the company highlighted strong performance in India and the UAE, driven by large deal wins and expansion in cloud and technology solutions.

Redington share price history

Over the last six months, Redington’s stock has delivered a solid gain of 36.71%, reflecting growing investor confidence and steady business momentum. Performance over the past three months has been more muted, with a modest rise of 3.64%, likely impacted by intermittent market volatility.

However, recent weeks have seen a sharp upturn. In the past month, the stock surged 27.31%, and in the last two weeks alone, it jumped 30.94%, indicating renewed buying interest. Momentum remains strong, with the stock gaining 27.13% in the past week, fueled by optimism around the iPhone 17 launch and Redington’s pivotal role in its distribution.

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