New Delhi, March 10 -- Shares of Redington, a prominent supplier of iPhones in India to Apple Inc., closed Tuesday's session, March 10, 11.6% higher at Rs.259.30 apiece, snapping a five-day losing streak after news report showed a strong surge in iPhone production in India over the past year, bringing the stock back into the spotlight.

Apple Inc. increased iPhone production in India by about 53% last year and now makes a quarter of its marquee devices there, according to a report by Bloomberg. The company assembled about 55 million iPhones in India in 2025, up from 36 million a year earlier, the report said, citing sources.

Apple makes about 220 million to 230 million iPhones a year globally, with India's share of the total increasing r...