Market Performance: Redington Surges on Heavy Trade
On September 16, Redington share price skyrocketed by 20%, hitting the upper circuit at Rs 289.70 apiece. The move wasn’t just another stock rally—it came on the back of a powerful trigger: the upcoming iPhone 17 launch in India.
Trading activity was extraordinary. Nearly 10.9 crore shares changed hands during the session—around 75 times higher than its 10-day average volume. For perspective, this marks Redington’s biggest single-day gain since March 2021.
Main News: iPhone 17 Sparks Investor Buzz
The excitement isn’t just about numbers on the stock ticker—it’s about Apple’s latest flagship, the iPhone 17, gearing up for its India debut.
- Launch Date in India: September 19 (Friday)
- Pre-orders: Already live since September 12
- Price: Starting at Rs 82,900
- Variants: iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max
- Storage Options: 256GB and 512GB
- Colors: Lavender, Mist Blue, Sage, White, and Black
Pre-orders have been strong, with some models already going out of stock. The surge in demand has fueled optimism, which directly reflected in Redington’s stock price movement.
Company Details: Redington’s Key Role
For those less familiar with the backstory, Redington has been Apple’s distribution partner in India since 2007. The company plays a important role in ensuring Apple products—from iPhones to MacBooks—reach retailers and customers across the country.
So, when a major Apple launch creates buzz, Redington often finds itself at the center of market attention. The iPhone 17 launch is no different.
Redington Share Price History: The Bigger Picture
The latest rally adds another chapter to Redington’s volatile but rewarding journey.
- 52-week low: Rs 158.61 (October last year)
- 52-week high: Rs 334.8 (June this year)
- Recovery since low: ~83%
- Decline from high: ~13.5%
- 5-day rally: ~17%
- 1-month rally: ~20%
- YTD 2025 gains: ~45%
- P/E ratio: ~14
This sharp rebound highlights the stock’s resilience, despite recent corrections.
Summary: Why This Matters?
The surge in Redington share price is a story of strong sentiment, heavy volumes, and the magnetic pull of an Apple launch in India. With the iPhone 17 set to hit stores, Redington has once again grabbed the market’s spotlight.
Key takeaways at a glance:
- Share price hit 20% upper circuit at Rs 289.70
- Trading volumes spiked 75x the 10-day average
- Redington’s biggest single-day gain since March 2021
- Backed by optimism over iPhone 17 demand in India
In the stock market today, Redington stands as a textbook example of how global product launches can ripple through Indian equities, driving short-term momentum and long-term interest.
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