Redington India slumped as much as 19.1 pct, close to its daily limit.
Apple ropes in distribution giant Brightstar for India sales – newspaper Economic Times reports.
Brightstar is a US-based privately held company controlled by Softbank.
Redington handles 60-70 pct of Apple’s India sales – Analysts.
Apple contributes 12 pct of Redington’s consolidated revenues – India Infoline.
Redington shares have also seen a triangle breakdown pattern – Technical Analysts.