GNG Electronics Shares Hit Record High Following Strong Q2 Results

Shares of GNG Electronics jumped 13 percent on Wednesday, November 4, to reach a record high of 776.25 rupees on the BSE following the release of strong September quarter results. The stock opened at 735.45 rupees compared to its previous close of 686.50 rupees. This latest rally extends a massive upward trend that has seen the stock soar 225 percent from its 52-week low of 239 rupees recorded in January 2026.

Financial Growth

The company posted a 72.5 percent year-on-year increase in consolidated profit after tax, reaching 56.4 crore rupees for Q2FY27 compared to 32.7 crore rupees in the same quarter last year. Revenue from operations grew 42 percent to 624.8 crore rupees, while EBITDA more than doubled with a 100.7 percent rise to 93.9 crore rupees. Basic earnings per share stood at 4.94 rupees. For the first half of the financial year, total revenue reached 1,037.3 crore rupees with a net profit of 85.3 crore rupees.

Business Expansion

Managing Director Sharad Khandelwal attributed the strong performance to a global industry shift towards professionally refurbished computing solutions due to rising device prices and sustainability goals. During the quarter, the firm expanded its reach to 55 countries, grew its supplier base to 820, and opened its first exclusive store for small and medium-sized businesses in Jaipur. Technical analyst Jigar S Patel noted that the stock has broken past the 730 rupees resistance level, signaling strong bullish momentum ahead.

Context

Refurbished technology devices have seen rising demand as buyers look for cost-effective alternatives to brand-new electronics amid high prices. Companies operating in this space benefit from global supply chain adjustments and a growing corporate focus on environmental sustainability.