Redington India shares: Proxy play? Google-Apple to drive growth for this Indian company; brokerages see more upside

New Delhi: Redington India has had investors’ attention since Apple announced the iPhone-14 series and strategic partnership with Google Cloud India.

Redington India recently announced its collaboration with Google Cloud, where it will drive the distribution and adoption of Google Workspace and Google Cloud with SMBs, education and public sector, mid-market, and enterprise segments.

The company is the sole distributor of Apple products in India and markets its presence in more than three dozen countries, including the Middle East and Africa regions.

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Shares of have advanced more than 35 per cent in the three months, but the stock saw some profit-booking on Friday and settled at Rs 152.90, about 3 per cent lower.

However, brokerage firms remain positive on the counter following its attractive valuations, wide distribution network, and presence in multiple countries.

The company has a…



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