Redington Shares Hit Upper Circuit on iPhone 17 Sales Buzz

Shares of Redington surged 20% to ₹289.70 on September 16, hitting the upper circuit, as investors cheered robust demand for Apple’s newly launched iPhone 17 series in India. Apple will roll out sales from September 19, with pre-orders—opened on September 12—already seeing select models go out of stock. Redington, Apple’s key distributor in India since 2007, is expected to benefit from the bumper sales momentum. The stock saw heavy volumes, with nearly 10.9 crore shares traded—about 75 times its 10-day average—marking its biggest single-day gain since March 2021. So far in 2025, Redington has gained 45%, recovering sharply from last year’s lows, with a P/E ratio of around 14. #StockMarket #Redington #Apple #iPhone17 #MarketRally