Redington shares climb 3% ahead of iPhone Duo launch on October 23; check details

The stock came under investors’ radar as Apple’s first foldable iPhone, called iPhone Duo, is set to go on general retail sale in India tomorrow, Friday, October 23, 2026.

The pre-order for the phone began on October 16 in more than 70 countries, including India, with availability starting tomorrow.

iPhone Duo is available in star white and night sky, and starts at ₹2,99,900 in 256GB, 512GB, 1TB, and 2TB storage capacities.

iPhone Duo will be available at apple.com/in and at its selected partner stores, along with all Apple Store locations from Friday onwards.

It's to be noted that Apple has introduced a purchase limit on the iPhone Duo through its official channels worldwide, including India.

Buyers attempting to add more than two units to their orders (pre-order) are shown a warning asking them to adjust the quantity before proceeding to checkout.

Apple’s first foldable phone

The iPhone Duo, which was first revealed at Apple’s keynote event in September 2026, has a 7.6-inch display, the largest screen ever offered on an iPhone.

It also has a 5.4-inch outer display that allows the device to be used when folded.

The foldable iPhone is powered by Apple's new A20 Pro chip and features a custom vapor chamber for thermal management and a dual-battery architecture.

Redington recent update

In a press release dated October 1, the company said that it has entered into a distribution partnership with OPSWAT, a global leader in critical infrastructure protection (CIP) cybersecurity solutions, covering the Gulf Cooperation Council (GCC), Levant, Türkiye, Africa, and the Commonwealth of Independent States (CIS).

The partnership will combine OPSWAT’s CIP portfolio with Redington’s “on-the-ground sales, technical, warehousing, logistics and financing capabilities”.

Together, OPSWAT and Redington will widen access to specialised protection for segmented, air-gapped and operational technology (OT) environments across government, defence, banking, telecoms, energy, utilities and other regulated sectors, it stated.

Redington share performance

At around 12:24 PM, the stock was trading 0.87% higher at ₹364.70.

The scrip has declined 7% in the past week and 11% over the month. However, on a year-to-date (YTD) basis, it has soared 33%.

While the shares hit a 52-week high of ₹419.50 per unit on September 23, 2026, they touched a year’s low of ₹191.31 apiece on April 2, 2026.

Redington has a total market capitalisation of ₹28,573.86 crore as of October 22, 2026, according to data on the NSE.