Apple supplier Redington shares surge over 9% after launch of iPhone 17 in India
Published on 19/09/2025 10:23 AM
Apple supplier Redington shares surge over 9% after launch of iPhone 17 in IndiaShares of Redington had surged 20% this Tuesday as well ahead of the launch of the iPhone. Over 11 crore shares of the stock had changed hands that day.By Hormaz Fatakia September 19, 2025, 10:23:10 AM IST (Updated)1 Min Read
Shares of Redington Ltd. a prominent supplier of iPhones in India to Apple Inc. have surged over 9% on Friday, September 19, after the launch of the iPhone 17 models in the country.
Visuals of people queueing up outside the Apple store in Mumbai's Bandra Kurla Complex (BKC) have already been splashed across social media, indicating huge buyer interest for Apple's latest offering.
Apple continues to remain a key client for Redington. As per its June quarter investor presentation, Apple contributed 34% to Redington's topline, higher than the 30%, which came during financial year 2025.
Shares of Redington had surged 20% this Tuesday as well ahead of the launch of the iPhone.
Prices of the newly launched iPhone 17 range from ₹82,900 for a 256 GB version and go up to as high as ₹1.9 lakh for the 1TB iPhone Pro Max version.
Shares of Redington are trading with gains of close to 8% on Friday at 310.5. The stock is closing in on its 52-week high of ₹334.8. As many as 2.5 crore shares of Redington have already changed hands in the first hour of the trading session, well above their 20-day average volume of 29 lakh shares.
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