Shares of Redington Ltd jumped as much as 16% to hit a day’s high of Rs 280 on September 16, driven by excitement around the iPhone 17 launch. Pre-orders are already underway, with sales set to begin on September 19.

The stock is seeing renewed interest as Redington 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.

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Redington Ltd posted a 12% year-on-year growth in net profit, reporting Rs 275 crore in Q1 FY26 compared to Rs 246 crore in the same period last year.

Revenue for the June quarter rose 22% YoY to Rs 25,952 crore from Rs 21,282 crore. While both net profit and revenue grew on a yearly basis, they were significantly lower sequentially.

The company attributed its performance to strong execution across businesses and geographies, along with new opportunities in technology and cloud solutions. Growth was particularly driven by the premium mobility segment and large deal wins in India and the UAE.

From a technical perspective, Redington’s indicators suggest a near-term bearish bias with mixed longer-term signals. MACD readings of -4.8 and -6.8 are below the zero line, indicating the short-term moving average is below the long-term average, pointing to downward momentum. The 14-day RSI stands at 43.8 on a 0–100 scale, reflecting neutral-to-weak momentum and a mildly bearish signal.Read more: Should Sebi ban weekly options? Here’s what Zerodha’s Nithin Kamath thinks

On trend measures, key simple moving averages (10-, 20-, 30-, 100-, 150-, and 200-day) sit above the current price — for example, the 10-day SMA is around Rs 241.5 and the 200-day SMA around Rs 246 — indicating that the stock is trading below both short- and long-term averages, a generally bearish configuration.

At around 11:50 am, Redington shares were trading at Rs 276.40, up 14.5% from the previous close on the NSE. The stock has gained 40% year-to-date.

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