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Redington Shares Today: Shares of Redington India Ltd rose sharply on September 19, climbing over 9 percent in early trades after the launch of Apple’s iPhone 17 in India. The stock touched an intraday high of Rs 314.40 per share before settling around Rs 304.85, up roughly 6 percent.

Apple introduced its iPhone 17 lineup earlier this month, including the iPhone 17, iPhone Air, iPhone 17 Pro, and iPhone 17 Pro Max. Available in shades like lavender, mist blue, sage, white, and black, the models come in 256GB and 512GB storage options, starting at Rs 82,900. Pre-orders began on September 12, with demand reportedly exceeding that of last year’s iPhone 16 launch.

Long lines outside Apple stores across major cities reflected high demand, especially as the festive season approaches. Analysts suggest that strong sales momentum for the iPhone 17 could make this one of Apple’s most successful Diwali quarters in India, despite limited availability of the Pro models.

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Redington, which has distributed Apple products in India since 2007, is a direct beneficiary of the high sales. Heavy trading accompanied the stock’s rise, with nearly 6 crore shares changing hands—three times the 10-day average volume.

Redington shares have nearly doubled from their 52-week low of Rs 158.61 in October last year. The stock hit a 52-week high of Rs 334.8 in June 2025, and despite some pullback, it has gained about 26 percent in the last five days and over 25 percent in the past month. Year-to-date, the stock is up around 54 percent, with a current P/E ratio near 17.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.