Redington Ltd.REDINGTON₹289.30 +19.83%

Shares of Redington Ltd. surged by up to 20% today, hitting an intraday high of ₹289.70 apiece, fueled by excitement surrounding the launch of the iPhone 17. The stock’s rally is tied to Redington’s long-standing role as a key supply chain partner for Apple’s products.

With pre-orders underway and sales beginning on September 19, the market is showing renewed interest in the company. Redington, which has partnered with Apple since 2007, manages the logistics, warehousing, and distribution of Apple’s IT and mobility products to resellers and retailers across India, the Middle East, Turkey, Africa, and South Asia.

About the Company

Redington Ltd. is a leading technology solutions provider and a Fortune India 500 company. The firm enables end-to-end distribution for IT, Telecom, and Lifestyle products across over 40 markets globally, acting as a bridge between rapid innovation and technology adoption.

For Q1FY26, Redington reported its best-ever first quarter, achieving a record-high revenue of ₹26,002 crore, a 22% increase year-over-year. The company’s profit after tax (PAT) also saw a robust 12% growth over the same period last year. This strong performance was driven by solid execution across businesses and geographies, particularly in the premium mobility and cloud solutions segments in India, the UAE, and Saudi Arabia.

Over the last five years, this stock has delivered multibagger returns of more than 385%. 

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 pm.

Disclaimer

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PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.