Redington Shares Extend Gains, Up 5.4% on Strong iPhone 17-Linked Rally

Mumbai, September 19, 2025: Shares of Redington Ltd (NSE: REDINGTON, BSE: 532805) rose 5.4% to ₹303 by 3:10 PM on Friday, extending their recent uptrend. The rally comes amid strong market optimism ahead of Apple’s iPhone 17 launch, in which Redington serves as a key distribution partner.

Market Performance

Redington shares were trading at ₹303, an increase of 5.42% on September 19, 2025, at 3:10 PM IST. Redington Ltd shares opened at ₹288.14 and traded between a day’s low price of ₹286.86 and a high price of ₹314.40. The firm has a market capitalisation of approximately ₹23,800 crore and a P/E ratio of 14.54.

Redington has a dividend yield of 2.23% with a quarterly dividend of ₹1.70 per share. In the past one year, the stock has reached a 52-week high of ₹334.80 and a 52-week low of ₹158.61.

Business Context

Redington has been Apple’s approved distribution partner in India since 2007, with its presence spanning the Middle East, Africa, Turkey, and South Asia. The company posted Q1FY26 revenue of ₹25,952 crore, an increase of 22% YoY, with good performance in India and UAE led by technology solutions and cloud growth.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations