Why Is Redington Stock Rising Today? Multibagger Stock Up 19% In BEST 1-Day Jump in 4 Yrs Amid iPhone 17 Buzz

Redington Share Price Today: Redington Limited shares zoomed around more than 20% during Tuesday's intraday trade and record the biggest ever single-day surge in four years. The BSE 500 stock rallied amid buzz around the Apple iPhone 17 launch update.

Redington share price opened stronger at Rs 242 per share on BSE on Tuesday. The stock rallied by 19.8% to touch an intraday high mark of Rs 289.40 apiece.

Why Redington Share Price Is Rising Today?

Redington share price rally was driven by large spike in trading volumes on BSE and NSE The stock exchanged around 6,66,722 hands on the BSE at 12:33 pm. Nearly, 1,22,531 Redington stocks have been bought on BSE till 1:20 pm against 83,817 shares sold till now.

The trading volume for Redington was the highest since February 2023 when 19 crore shares were exchanged in one session. On this day, approximately 85.6 lakh shares, equating to 1.1% of Redington's total outstanding equity and valued at ₹239 crore, were traded through multiple block deals.

"Redington Ltd share price surge was largely driven by a combination of strong sales outlook, positive global product launches, and a recent block deal that boosted market sentiment. 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," explained Kalp Jain Research Analyst INVasset PMS.

Meanwhile, the sharp rally in the stock has come amid huge buzz around the iPhone 17 launch, according to an Economic Times report. Redington, being one of the leading logistics solutions providers to Apple, is likely to benefit from the launch and subsequent demand for iPhone 17. Redington is a distribution and supply chain solutions provider to multiple companies, including Apple, Asus, Canon, Oracle, Hitachi, etc.

"Broader positive trends in the IT and consumer electronics sector, coupled with strategic partnerships and supply chain efficiency, have contributed to Redington's performance. While short-term volatility may persist, today's surge highlights investor optimism around growth visibility and strong product demand, underscoring Redington's continued relevance in India's distribution ecosystem," Jain added.

Redington Share Price Trend

The BSE stock had touched a 52-week high mark of Rs 334.90 per share on BSE on 30 June, 2025. The stock had dipped to a 52-week low mark of Rs 159.10 per share on 25 October, 2024. Redington share price value has increased around 44.13% since the beginning of the year 2025. Whereas, its stock value has increased around 51.7% in one year. The stock has a return on equity (RoE) of 38.01%.

Despite these gains, Redington's EBITDA rose by only 8% to Rs 401 crore, while margins slightly decreased to 1.6% from last year's figure of 1.7%. The stock reached an intraday high of ₹279.69 per share during Tuesday's trading session.

This year has been remarkable for Redington's stock performance, with an increase of nearly 39.9%. This is its best annual performance since it more than doubled in value in 2021 with a rise of 120%. The identities of the buyers and sellers involved in these transactions remain undisclosed at this time.

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