The Redington share price rallied sharply during intraday trading on Tuesday, March 10, 2026, after reports indicated that Apple has significantly expanded its iPhone manufacturing footprint in India. The stock surged more than 15% as investors reacted positively to news that the global technology giant now produces around 25% of its flagship iPhones in India.
Redington, Apple’s official distributor in India and several emerging markets, saw strong buying interest following the development, reflecting market optimism about the long-term growth potential linked to Apple’s expanding presence in the country.
According to NSE data, Redington shares touched an intraday high of ₹268.30, marking a 15.47% jump compared with the previous closing price of ₹232.35.
A Bloomberg report revealed that Apple increased its iPhone production in India by nearly 53% in 2025, signaling a strategic shift in its global manufacturing strategy.
The report suggested that Apple assembled approximately 55 million iPhones in India in 2025, a sharp rise from 36 million units produced the previous year. This surge indicates that about one-quarter of Apple’s global iPhone production now comes from India.
The expansion aligns with Apple’s efforts to diversify manufacturing away from China amid geopolitical tensions and supply chain risks. India has emerged as a key alternative production base due to government incentives and growing electronics manufacturing infrastructure.
While Apple has not officially confirmed the figures, the report cited people familiar with the development.
Apple’s accelerated manufacturing expansion in India has been aided by the government’s Production Linked Incentive (PLI) scheme, introduced to encourage global electronics companies to manufacture locally.
The initiative, championed by Prime Minister Narendra Modi, provides financial incentives to companies that increase domestic production. These subsidies help offset structural cost disadvantages and supply chain limitations that firms may face in India.
As Apple continues scaling up manufacturing operations through partners such as Foxconn and Tata Group, the broader ecosystem (including distributors like Redington) stands to benefit from higher device volumes and stronger market demand.
Reflecting investor optimism, Redington share price was trading 14.93% higher at ₹267 at 12:06 PM IST on Tuesday. Despite recent volatility, the stock has delivered strong long-term returns. Over the past five years, Redington shares have generated more than 201% returns, while investors have seen over 56% gains in the last three years.
However, the stock remains slightly negative on a year-to-date basis in 2026, declining 4.13%, according to NSE data.
Redington shares touched a 52-week high of ₹334.80 on June 30, 2025, while the 52-week low stood at ₹176.94 on April 7, 2025. As of Tuesday’s session, the company’s market capitalisation was approximately ₹20,685.75 crore.
Read more: Vodafone Idea Share Price in Focus as Government Relief Sparks Fresh Investor Interest.
The sharp surge in Redington share price highlights the market’s positive reaction to Apple’s deepening manufacturing presence in India. As the country continues positioning itself as a global electronics manufacturing hub, companies connected to Apple’s supply and distribution ecosystem could see sustained growth opportunities. If Apple continues expanding production in India, Redington may remain a key beneficiary in the evolving technology supply chain.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Mar 10, 2026, 1:38 PM IST
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