Brokerage initiates BUY on GNG Electronics with ₹725 target, 27% upside
GNG Electronics, India's largest laptop/desktop refurbisher via 'Electronics Bazaar', earns a BUY on a strong sourcing moat with 720+ procurement partners, distribution via Ingram Micro and Supertron, and projected 24-37% revenue/EPS CAGR through FY29.
Brokerage initiates BUY on GNG Electronics, India's largest laptop/desktop refurbisher via 'Electronics Bazaar', citing a strong sourcing moat, distribution tie-ups with Ingram Micro and Supertron, and projected 24-37% revenue/EPS CAGR through FY29.
Why this matters
The BUY call follows GNG riding a 50-60% surge in new PC prices to lift refurbished demand, and Goldman Sachs plus domestic MFs buying a 3.94% stake for ₹175 cr.
Retail-company signals are accelerating, up +448200% QoQ.