Finance1 min read

Multibagger GNG Electronics stock jumps 13% to record high after Q2 results, soars 225% from 52-week low: Buy or sell?

By · Published by Everything Blog

In short

The company's September quarter performance showed significant top-line and bottom-line expansion, led by rising adoption of refurbished computing solutions across global markets. Managing Director Sharad Khandelwal confirmed an operational presence across 55 countries during the period. Meanwhile, technical analysts expect the ₹720 to ₹730 price band to offer stability for the stock following its latest breakout.

Key points

  • Technical analyst Jigar S Patel identified the ₹720 to ₹730 range as a critical support z…: Technical analyst Jigar S Patel identified the ₹720 to ₹730 range as a critical support zone for dip buyers.
  • Shares reached a fresh record high of ₹776.25 on the BSE following the quarterly earnings…: Shares reached a fresh record high of ₹776.25 on the BSE following the quarterly earnings announcement.
  • The company's equity has gained 225% compared to its 52-week low of ₹239 recorded in Janu…: The company's equity has gained 225% compared to its 52-week low of ₹239 recorded in January 2026.

Sources checked by our analysis pipeline: 1

Shares of GNG Electronics surged 13% on Wednesday, November 4, to hit a record high of ₹776.25 on the BSE, as investors reacted to the company's strong September quarter results for FY27. The stock opened at ₹735.45, compared with its previous close of ₹686.50, before climbing to an intraday high of ₹776.25.

The rally has extended the stock's impressive run, with GNG Electronics shares now soaring 225% from their 52-week low of ₹239, recorded in January 2026.

The company reported strong growth across revenue, operating profitability and net profit, alongside an improvement in margins, as demand for refurbished information and communication technology (ICT) devices continued to support its business.

GNG Electronics reported a 72.5% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ₹56.4 crore in Q2FY27, compared with ₹32.7 crore in the corresponding quarter last year.

Revenue from operations grew 42% YoY to ₹624.8 crore from ₹439.9 crore. EBITDA more than doubled, rising 100.7% to ₹93.9 crore against ₹46.8 crore in Q2FY26.

Operating performance also improved, with EBITDA margin expanding by 439 basis points to 15% from 10.6%…

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