Redington shares surged nearly 6% to an all-time high on 10 September 2026, a day after Apple unveiled the iPhone Duo, iPhone 18 Pro and 18 Pro Max, alongside price hikes on older iPhone models in India.
Redington Share Price Today: Record High on BSE and NSE
On BSE, Redington shares touched a fresh all-time high of ₹398.80, up around 5.5% from the previous close of ₹377.85. On NSE, the stock was at ₹398.20 as of 11:50 AM IST, up 5.33% over its previous close of ₹378.05.
The stock had opened at ₹389, touched an intraday high of ₹403.25, and a low of ₹380.30. Roughly 6 million Redington shares changed hands on BSE and NSE combined during the session.
The rally builds on a strong run for the stock. Redington is up about 40% so far in 2026, even as the BSE Sensex has fallen around 12% in the same period. Over six months it has gained more than 50%, and it is up 57% over one year and 163% over five years.
What Apple Launched at Its ‘Surprise and Shine’ Event
Apple held its “Surprise and Shine” launch event on 9 September 2026, unveiling the iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max. The company also launched the Apple Watch Series 12, Apple Watch Ultra 4 and AirPods 5.
This was John Ternus’s first major iPhone launch as Apple’s chief executive, after he took over from Tim Cook on 1 September 2026. Apple’s own shares ended marginally lower after the event.
Redington is an official authorised distributor of Apple products in India, and is also among Apple’s supply-chain and distribution partners across the Middle East and Africa. Apple products make up a significant part of Redington’s mobility distribution business, which is why the stock reacts sharply to Apple product news.
iPhone Duo: Apple’s First Foldable iPhone
The iPhone Duo marks Apple’s entry into the foldable smartphone category, currently led by Samsung and Chinese brands like Huawei. It uses a book-style folding design with a 7.6-inch main display when unfolded, and a smaller external screen for use when closed.
The device runs on Apple’s new A20 Pro chip and a new in-house C2 modem, which reduces Apple’s reliance on Qualcomm for connectivity. Apple says the iPhone Duo offers up to 24 hours of mixed dual-screen usage and can charge to 50% in about 20 minutes.
In India, the iPhone Duo starts at ₹2,99,900 for the 256GB model, going up to ₹4,49,900 (around ₹4.5 lakh) for the top-end 2TB variant – making it one of the most expensive smartphones sold in the country. It will be available in India from 23 October, with pre-orders opening earlier.
iPhone 18 Pro, iPhone 18 Pro Max: Price in India
The iPhone 18 Pro and iPhone 18 Pro Max also run on the new A20 Pro chip and come in black, silver, glacier and a new burgundy colour, across 256GB, 512GB, 1TB and 2TB storage options.
Pre-bookings open on 12 September across 65 countries, including India; sales in India begin on 18 September. Compared with last year’s iPhone 17 Pro series, both models cost noticeably more:
| Model | Launch Price (Previous Gen) | Launch Price (2026) |
|---|---|---|
| iPhone 17 Pro / 18 Pro | ₹1,34,900 | ₹1,64,900 |
| iPhone 17 Pro Max / 18 Pro Max | ₹1,49,900 | ₹1,79,900 |
Apple has also raised prices on some older iPhone models still on sale in India. The 256GB iPhone 17 now costs ₹99,900, up from ₹82,900 – a hike of about 20.5%. The 512GB variant now costs ₹1,24,900, up from ₹1,02,900, a rise of about 21.4%. Prices of the iPhone 17e and iPhone Air have also gone up, though the exact revised prices were not detailed in company statements reviewed for this article.
Why This Matters for Redington
A new, higher-priced iPhone lineup can be a direct positive for a distributor like Redington, since more expensive units moving through the same distribution channel can lift the overall value of sales, even before accounting for volume growth from the new foldable category.
The actual financial impact, though, will depend on factors such as unit sales, inventory levels, channel margins, consumer demand, and how Apple allocates supply of the new iPhone Duo across markets – none of which are known yet this early in the launch cycle.
Investors tracking Redington or other Apple-linked stocks around launch events like this will first need to open a demat account with a SEBI-registered broker, since shares can only be held and traded in dematerialised form.
Redington Stock Outlook: What Analysts are Watching
Seema Srivastava, senior research analyst at SMC Global Securities, said the new iPhone launch is a positive trigger for Redington and that the momentum in the stock could sustain, potentially supporting revenue growth and earnings over the coming years.
On the charts, Harish Jujarey of Prithvi Finmart pointed to a long-term rising trendline resistance in the ₹410–420 zone, while flagging that the Relative Strength Index (RSI) a momentum indicator is consolidating in the 65–70 range, which can sometimes signal a possible negative divergence.
Investors who want to track Redington’s price movement through the day can do so in real time using any SEBI-registered broker’s online trading platform.
This article is for informational purposes only and does not constitute investment advice. Investments in securities markets are subject to market risks.
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