Apple distributor Redington eyes 22% upside after crossing Rs 1 lakh crore revenue in FY26
Redington, distributor for Apple, Dell, HP and Microsoft, topped Rs 1.19 lakh crore revenue and Rs 1,490 crore profit in FY26. Analysts see 22% upside with price targets up to Rs 340, backed by higher-margin cloud/services and Apple's rising India iPhone manufacturing. FII stake stands at 63.27%.
Redington, distributor for Apple, Dell, HP and Microsoft, crossed Rs 1 lakh crore revenue in FY26; analysts see 22% upside, supported by higher-margin cloud/services and Apple's rising India iPhone manufacturing.