According to latest market data, Redington shares surged over 4% to reach a 52-week high during Wednesday's trading session. The stock was trading at ₹376.45 per equity share as of September 9, 2026, 13:54 PM, with the scrip fluctuating between ₹375 and ₹382.7 during the session. The stock has demonstrated strong momentum with gains of more than 4% in the past week and 7% over the month, while posting impressive 38% year-to-date growth. The stock touched an intraday high of ₹380.85 and a low of ₹375.00 during the latest trading session, with the 52-week high of ₹381.60 and 52-week low of ₹191.31. Over the past year, Redington has achieved a return of 53.84%, with the stock gaining 5.76% in the last month alone.
As reported by The Economic Times, Redington serves as Apple's official supply chain and distribution partner across key markets including India, the Middle East, Turkey, and South Africa. The company's strong positioning ahead of Apple's annual keynote event, scheduled for Wednesday, September 9, at 10 AM Pacific Time, has contributed to investor optimism. The event, titled 'Surprise and Shine', is expected to feature the launch of the iPhone 18 series with Pro and Pro Max models, featuring Apple's A20 Pro chip with 2nm processor. Recent reports suggest the stock rallied 17% after Apple's teaser 'big week ahead' announcement, with Apple CEO Tim Cook stating that price hikes are 'unavoidable' amid AI boom.
According to reports from The Economic Times, Redington delivered exceptional first-quarter performance for FY27. The company's consolidated profit after tax (PAT) grew 77% year-on-year to ₹486 crore, compared with ₹275 crore in the same period last year. Revenue from operations increased 35% YoY to ₹34,922 crore, marking the highest-ever quarterly revenue in the company's history. The EBITDA surged 76% YoY to ₹707 crore from ₹401 crore in the corresponding quarter of the previous fiscal year, with EBITDA margin expanding to 2.02% from 1.55% in Q1 FY26. Recent financial data shows the company's EPS for March 2026 was ₹15.91 with a net profit margin of 1.94% and effective tax rate of 20.82%.
As reported by The Economic Times, Redington maintains a total market capitalisation of ₹29,566.70 crore as of September 9, 2026, according to latest market data. The stock's P/E ratio stands at 21.40 and P/B ratio at 67.83 as of September 9, 2026. The strong financial performance and Apple partnership positioning have contributed to the stock's impressive recovery and current high valuation levels, reflecting investor confidence in the company's growth prospects in the technology distribution sector. The stock has delivered a 1-year return of 53.84% and gained 5.76% in the last one month, indicating strong investor sentiment.
