The Indian stock market saw renewed excitement on September 19, 2025, as Redington share price jumped sharply after the launch of Apple’s iPhone 17 in India. Shares of the Apple reseller surged more than 9% during the day, touching an intra-day high of ₹314.40 before paring gains slightly to settle higher. With the iPhone season kicking off, market participants are now evaluating whether Redington share price can maintain its upward trajectory and what lies ahead for investors.
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Redington Share Price Today: Key Market Data
At 12:45 PM IST on September 19, Redington share price was trading at ₹304.21, up by ₹16.07 or 5.58% from the previous close. The stock opened at ₹288.14 and hit a day’s low of ₹286.86 before soaring to ₹314.40, marking its highest point of the day.
Here’s a snapshot of today’s performance:
| Metric | Value |
|---|---|
| Current Price | ₹304.21 |
| Day’s High | ₹314.40 |
| Day’s Low | ₹286.86 |
| Open | ₹288.14 |
| Market Cap | ₹23,840 crore |
| P/E Ratio | 14.57 |
| Dividend Yield | 2.23% |
| Quarterly Dividend | ₹1.70 |
| 52-Week High | ₹334.80 |
| 52-Week Low | ₹158.61 |
The strong momentum has taken Redington share price closer to its 52-week high, reinforcing bullish sentiment among investors.
iPhone 17 Launch Fuels Redington Apple Rally
The rally in Redington share price coincided with the official start of iPhone 17 sales in India. Redington, one of the largest Apple resellers in the country, distributes iPhones through key retail partners such as Croma, Vijay Sales, and Reliance Digital.
Apple and its resellers, including Redington Apple, rolled out promotional offers to attract customers, including no-cost EMI options, attractive cashback schemes, and exchange bonuses.
The new iPhone 17 lineup is priced between ₹82,900 and ₹2,29,000 in India, making the entry-level variant cheaper compared to countries like Brazil and Turkey. Industry watchers believe this price positioning will support strong demand in India’s fast-growing premium smartphone market.
As sales began, investors anticipated a surge in revenues for distributors and retailers, which reflected in the spike in Redington share price.
Market Performance vs Indices
Despite a weak broader market trend, Redington share price remained resilient. While the BSE Sensex and NSE Nifty fell by nearly 0.5% each, trading at 82,630 and 25,320 respectively, Redington stock advanced more than 5% by mid-session.
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This divergence highlights how company-specific triggers—such as the iPhone 17 launch—can create positive momentum even in an otherwise subdued market environment.
Redington Share Price Target: Technical Outlook
Analysts are now closely watching Redington share price target levels after the breakout rally. The stock has given a strong move above key technical indicators, suggesting further upside potential.
- Current Price: ₹304.21
- Likely Target: ₹385
- Upside Potential: 27% from current levels
- Support Zones: ₹295, ₹274, ₹260
- Resistance Levels: ₹324, ₹334, ₹365
Experts note that the stock recently crossed its 100-Day Moving Average (100-DMA) and trendline resistance, a positive signal for further gains. Redington share price is also trading above the higher end of the Bollinger Bands, indicating bullish momentum as long as it sustains above ₹295.
Can Redington Share Price Extend the Rally?
The question for investors is whether the rally in Redington share price will sustain beyond the iPhone launch buzz.
On the upside, analysts believe that if the stock crosses resistance at ₹324 and ₹334, it can potentially surge towards ₹365 and eventually touch ₹385. The overall trend remains favorable as long as the stock holds above the ₹260 support level.
However, near-term volatility cannot be ruled out. Traders may book profits around resistance zones, which could temporarily cap upside. Still, long-term investors may see opportunities to accumulate on dips.
Redington India Share Price: September Performance
With today’s gains, Redington India share price has delivered an impressive performance so far in September, rising more than 26%. The rally reflects optimism around Apple’s new product cycle and the broader strength in the consumer electronics distribution business.
Investors tracking Redington India share price are encouraged by the company’s consistent dividend payouts, stable earnings, and robust distribution network.
Redington Apple Advantage
One of Redington’s key strengths lies in its partnership with Apple. As an authorized reseller, Redington Apple has a significant market share in India’s premium smartphone segment. Each new iPhone launch boosts sales volume, directly impacting revenue and profitability.
In addition, Apple’s focus on expanding its retail presence in India aligns with Redington’s long-term growth strategy. With iPhone demand expected to rise steadily, Redington share price may benefit from sustained momentum in the premium electronics space.
Fundamental View on Redington
Beyond the short-term iPhone factor, Redington has strong fundamentals that support positive sentiment around Redington share price:
- Steady Earnings: The company maintains a healthy profit track record, supported by stable demand in consumer electronics.
- Attractive Valuation: With a P/E ratio of 14.57, Redington appears reasonably valued compared to peers.
- Dividend Yield: A dividend yield of 2.23% provides additional income to investors.
- Robust Distribution Network: With presence across multiple retail chains, Redington enjoys strong penetration in both urban and semi-urban markets.
These factors suggest that Redington share price is supported not only by seasonal Apple launches but also by the company’s broader business model.
Investor Sentiment
Market participants remain optimistic about the company’s future prospects. Many brokerage houses have reiterated positive outlooks, highlighting Redington share price target levels around ₹350–₹385 in the coming quarters.
Retail investors, in particular, are attracted by the combination of growth potential and dividends, making Redington a balanced play in the stock market.
Risks to Watch
While the outlook is largely positive, investors should remain cautious about certain risks that could affect Redington share price:
- Dependence on Apple: Heavy reliance on iPhone sales may expose the company to product cycle risks.
- Currency Fluctuations: As imports play a major role, forex volatility can impact margins.
- Market Volatility: Broader equity market weakness may affect sentiment.
Despite these risks, analysts believe that the long-term structural demand for smartphones and electronics in India provides strong support for Redington share price.
Conclusion
The surge in Redington share price following the iPhone 17 launch underscores the company’s strong positioning in India’s premium electronics distribution sector. With technical indicators pointing to further upside, and fundamentals remaining robust, Redington is attracting attention from both traders and long-term investors.
Short-term targets place Redington share price around ₹324–₹365, while the longer-term outlook suggests potential highs of ₹385 if momentum sustains. Backed by Apple’s expanding presence in India and steady earnings, Redington share price looks set to remain in focus in the months ahead.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors are encouraged to conduct independent research or consult a financial advisor before making stock market decisions.
