Redington Shares Surge Up to 15% on Apple's India iPhone Production Milestone

on Limited, a key distributor of Apple products in India, saw its shares skyrocket up to 15.56% in intraday trading on March 10, 2026. The stock hit a high of Rs 268.5 on the NSE, driven by a Bloomberg report revealing that Apple now manufactures approximately 25% of its global iPhones in India. According to the report, Apple assembled about 55 million iPhones in India in 2025, a 53% increase from the previous year, as part of its strategy to diversify away from China amid geopolitical risks and potential tariffs. This shift has boosted optimism for companies like Redington, which benefits from rising Apple product demand and distribution in the region. The positive sentiment snapped Redington's recent losing streak, with shares closing higher amid strong volumes. Analysts view this as a sign of India's growing role in global electronics supply chains.