Redington shares surge 5%, up nearly 25% in just 2 sessions. What’s fuelling the rally?

Shares of Redington Ltd rallied as much as 5.5% to their day’s high of ₹305 per share on the BSE on Wednesday, September 17, as iPhone 17 sales inch closer, with pre-orders already underway and sales set to kick off on September 19. With today’s gain, the stock has risen nearly 25% in two trading sessions.

The counter is seeing renewed interest as it handles the supply chain for IT and mobility products, including Apple’s iPhone. The company has a long-standing partnership with Apple, dating back to a 2007 distribution agreement for Apple products in India. Redington manages logistics, warehousing, and distribution to resellers and retailers across India, the Middle East, Turkey, Africa, and South Asia.