Redington set for best week in 16 years with new iPhone rollout in India

ReutersSep 19, 2025 7:27 AM

Shares of Redington REDI.NS rise 25% this week; set for best weekly gains since May 2009

Apple AAPL.O distributor's shares rise 6.5% after the launch of the iPhone 17 models in India at its store as investors bet on strong demand

Under pressure from the Trump administration, Apple has boosted its already hefty investment in the U.S. in the hopes of sidestepping potential import duties

It faces pressure from tariffs imposed on U.S. imports from countries including its production hubs, China and India

REDI was up 15.5% on Tuesday after a block deal at premium of around 13% over its last close

YTD, stock up ~54%

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