Economy
GNG Electronics stock hits record high after surging 13% on Q2 results
Livemint1h
THE BRIEF
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Shares of GNG Electronics surged 13% on Wednesday to hit a record high of ₹776.25 on the BSE following strong September quarter results for FY27, soaring 225% from its 52-week low.
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The company reported a 72.5% year-on-year increase in consolidated profit after tax to ₹56.4 crore and a 42% rise in revenue from operations to ₹624.8 crore.
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Managing Director Sharad Khandelwal attributed the growth to a structural shift in the global ICT industry toward refurbished computing solutions, alongside an expansion of operations to 55 countries.