Redington Share Price Surges as iPhone 17 Hits Indian Market | Stock Market Today

Market Performance: Redington Shares Rally

Redington’s shares jumped sharply on September 19, hitting an intraday high of Rs 314.40, marking a 9% surge. The stock later trimmed some gains to trade around 6% higher at Rs 304.85, reflecting robust market activity.

Trading volumes were notably heavy, with nearly 6 crore shares exchanged—roughly three times the 10-day average, signaling heightened investor interest.

Main News: iPhone 17 Launch Sparks Investor Optimism

The jump in Redington share price comes as Apple’s iPhone 17 series officially hits India. The new lineup includes:

• iPhone 17
• iPhone 17 Air
• iPhone 17 Pro
• iPhone 17 Pro Max

Available in lavender, mist blue, sage, white, and black, the iPhone 17 offers 256GB and 512GB storage options, starting at Rs 82,900 in India. Pre-orders began on September 12, drawing massive crowds outside stores.

Visuals from retail outlets show long lines of eager customers, highlighting strong demand. Early pre-bookings reportedly outpaced last year’s iPhone 16 launch, indicating momentum ahead of the festive season.

Company Details: Redington’s Role

Redington has been a key Apple distributor in India since 2007. As the official partner, the company ensures Apple products reach retail chains nationwide.

The strong iPhone 17 demand has likely contributed to the stock rally, as market sentiment favors companies closely tied to Apple’s sales ecosystem.

Redington Share Price History

Redington has seen a remarkable recovery over the past year:

• 52-week low: Rs 158.61 (October last year)
• 52-week high: Rs 334.8 (June this year)
• Year-to-date rally: ~54%
• Past one month: Up over 25%
• Past five days: Surged nearly 26%
• Current P/E ratio: ~17

Summary

Redington shares are riding a wave of investor enthusiasm, fueled by the iPhone 17 launch in India. Heavy trading volumes and strong demand for Apple products have pushed the stock higher, making it one of the most active movers in the stock market today.

With the festive season approaching, early signals suggest continued momentum for Redington shares, reflecting the company’s central role in Apple’s distribution network.