Redington shares surge 5%, up nearly 25% in just 2 sessions. What’s fuelling the rally?

Redington Limited’s shares are up because of the upcoming iPhone 17 sales. Pre-orders are happening now, and sales start on September 19. The stock has increased significantly in two days. Redington handles the supply chain for Apple products. The company reported profit and revenue growth in the first quarter. However, technical indicators suggest a possible near-term pullback.