Apple’s supplier Redington stock zooms over 15% after report on 25% iPhone production shift to India

Redington stock hit an intraday high of ₹268.30 after rising 15.47% during Tuesday’s trading session, compared to ₹232.35 at the previous stock market close, NSE data showed.

Is Apple making 25% of iPhones in India?

Data suggests that Apple has assembled nearly 55 million iPhones in India in the year 2025, which is up from its previous levels of 36 million a year ago, reported the news agency, citing people aware of the development.

These incentives in the form of subsidies have helped companies like Apple to offset some of their structural cost disadvantages, which firms face in India, amid a lack of supply chain and logistical issues in trading with China.

However, Apple’s spokesperson refused to comment on the queries sent by the news agency.

Redington stock price

Redington share price was trading 14.93% higher at ₹267 as of 12:06 pm (IST), compared to ₹232.35 at the previous stock market close, according to the NSE data. The news agency’s report emerged before the Indian stock market opening time on March 10.

Shares of Redington have given stock market investors more than 201% returns on their investment in the last five years and over 56% gains in the last three years, the exchange data showed. The company’s stock has risen 7.65% in the last one-year period.

However, on a year-to-date (YTD) basis, Redington shares have lost 4.13% in 2026, but are trading 0.29% higher based on the last five sessions on the Indian stock market, according to NSE data.

Apple’s distributor for India’s share price hit a 52-week high of ₹334.80 on June 30, 2025, while the 52-week low level was at ₹176.94 on April 7, 2025, as per the exchange data. Redington’s market capitalisation (M-Cap) was trading at ₹20,685.75 crore as of the market session on Tuesday, March 10.