Redington Shares Today Fly High! Is Apple iPhone 17 Craze Fuelling The Multibagger Stock Rally? Let's Find Out

Redington Share Price Today: Shares of Chennai-based Redington Limited continued their remarkable rally as the Apple iPhone 17 sale in India began on Friday, September 19. Redington's share price surged around 55% since the beginning of the year 2025, and the BSE 500 stock was up around 7.6% during Friday's intraday trade.

Redington share price was up around 7.48% at Rs 309.65 per share on the BSE at 10:58 am with a market capitalisation of Rs 24,082.56 crore. While Redington's share price has given a stellar performance throughout the year, Apple's iPhone 17 launch has offset a remarkable rally in the stock over the past few trading sessions.

Why Apple iPhone 17 Launch Has Fuelled Redington Share Price Rally?

Redington Limited is one of the leading logistics solutions providers to Apple. With iPhone 17 launch and its massive demand, the supply for iPhone 17 is likely to boost Redington business prospects. Other than Apple, Redington is a distribution and supply chain solutions provider to multiple companies like Asus, Canon, Oracle, Hitachi, etc.

The Reddington share price rally is largely driven by a combination of strong sales outlook, positive global product launches, and a recent block deal that boosted market sentiment, according to Kalp Jain Research Analyst INVasset PMS.

"The rally is closely tied to Apple's iPhone 17 launch, which is expected to drive higher volumes through Redington's distribution network, reinforcing its position as a key consumer electronics and IT products distributor in India. Market activity was further supported by increased trading volumes, reflecting renewed investor interest and confidence in the company's operational scale and execution capabilities," stated Kalp Jain Research Analyst INVasset PMS earlier.

"Broader positive trends in the IT and consumer electronics sector, coupled with strategic partnerships and supply chain efficiency, have contributed to Redington's performance," Jain added.

Apple iPhone 17 Sale Begins In India

Thousands of people are queuing up outside Apple stores as its latest iPhone 17 series officially launched its sale in India on Friday, September 19. Apple iPhone 17 series includes new models including, the iPhone 17, iPhone Air, iPhone 17 Pro and iPhone 17 Pro Max.

The new Apple iPhone 17 series is available in the Apple stores in Delhi, Mumbai, Bengaluru and Pune. However, people can also buy the latest smartphone online to avoid the long queue outside the Apple stores in India.

Redington Share Price Trend

Redington shares touched their 52-week high mark of Rs 334.90 per share on BSE on 30 June 2025. THe stock dipped to its 52-week low mark of Rs 159.10 on 15 October, 2024. The stock has a return on equity (RoE) of 38.01%. Its valuation has increased by around 55.52% year to date (YTD) and has increased around 422% in five years.