Reddington looks like an apple!

Reddington is looking all juicy and pink, almost like a succulent Apple today and that’s probably direct projection as Apple’s newest models, iPhone17 sales begin today and pre-orders have already been strong.

Redington acts as one of Apple’s main distributors in India. So when a major product like a new iPhone is launched, demand expectations tend to lift its outlook. Redington is deeply integrated in Apple’s product distribution in India: iPhones, MacBooks, etc. The performance of new Apple launches has a direct impact on Redington’s business (sales volume, margins, supply chain).

The new model (iPhone 17) usually brings high demand, which means inventory movement and likely higher revenue for distributors/retailers like Redington.

The stock opened almost status quo at Rs.288.40 but soon climbed up to an intraday high at Rs.314.60. Its 52-week high is at Rs.334.90. Over the last 5 trading days, it's up 28%.

The company had ended Q1FY26 with a 22% (YoY) rise in revenue and profit rose 12%, strengthening the base for investor optimism.