Redington Shares Jump 6% on iPhone Duo, 18 Pro Series Launch

Redington Shares Surge Following Apple’s iPhone Launch

The launch of Apple’s latest iPhone models has sparked a significant rally in Redington’s stock, reflecting investor optimism about the company’s growth prospects.

Market Reaction to iPhone Launch

On Thursday, Redington’s shares soared to ₹398.80 on the Bombay Stock Exchange (BSE), marking a 5.54% increase from the previous closing price of ₹377.85. By 9:35 AM, the stock was trading at ₹382.45, reflecting a 1.22% gain. The trading volume was robust, with approximately 6 million shares exchanged across BSE and NSE, underscoring heightened investor interest.

The stock’s performance has been noteworthy, with a 40% rise in 2026 alone, contrasting sharply with the 12% decline in the BSE Sensex during the same timeframe. Over the past year, Redington’s stock has appreciated by 57%, and it has delivered multibagger returns of 163% over the last five years, indicating a strong growth trajectory.

Analysts Weigh In on Future Prospects

Seema Srivastava, a senior research analyst at SMC Global Securities, believes that the new iPhone launches will positively impact Redington’s revenue growth and earnings momentum. She noted that the upcoming iPhone cycle could enhance working capital utilization, providing a solid foundation for sustained growth in the coming years.

Harish Jujarey, AVP and head of technical equity research at Prithvi Finmart, highlighted the stock’s steady uptrend and suggested that it may continue to rise towards the long-term resistance levels between ₹410 and ₹420. However, he cautioned that the Relative Strength Index (RSI) is showing signs of consolidation in the ₹65-70 range, which could indicate a potential negative divergence. Jujarey advised traders to consider partial profit booking as the stock approaches the ₹400-420 zone.

Apple’s Product Launch Highlights

The excitement surrounding Redington’s stock is largely fueled by Apple’s recent product unveilings at its Surprise and Shine event on September 9. The introduction of the iPhone Duo, a foldable smartphone, alongside the iPhone 18 Pro and iPhone 18 Pro Max, has generated considerable buzz. Additionally, Apple launched the Apple Watch Series 12, Apple Watch Ultra 4, and AirPods 5, further diversifying its product lineup.

This event also marked John Ternus’ first major iPhone launch as Apple’s CEO, succeeding Tim Cook. Despite the positive reception of the new products, Apple shares experienced a slight decline post-launch, reflecting broader market dynamics.

Key Highlights

• Redington shares surged nearly 6%, reaching an all-time high of ₹398.80.
• The stock has gained 40% in 2026, outperforming the BSE Sensex, which fell by 12%.
• Over the past year, Redington’s stock has risen by 57%, with a 163% increase over five years.
• Analysts expect continued revenue growth from the new iPhone cycle.
• Traders are advised to consider profit booking as the stock approaches ₹400-420.

Investor Note: The recent surge in Redington’s stock highlights the potential for growth driven by Apple’s new product launches. Investors should monitor market trends and consider strategic entry or exit points based on the stock’s performance and analyst recommendations.