GNG Electronics stock doubles in 2026 as AI-driven PC shortage lifts refurbished demand
Refurbished electronics seller GNG posted FY26 revenue of Rs 1,891 crore, up 34% YoY, with net profit surging 91% to Rs 132 crore. India, now its largest market at 33% of revenue, grew 80% to Rs 622 crore. The firm refurbished 727,000 units across 46 countries; shares trade at a rich 56.6x P/E.
Refurbished electronics seller GNG Electronics saw shares double in 2026 as AI-driven component shortages raised new PC prices, boosting refurbished demand. India is its largest market at 33% of revenue; FY26 revenue rose 34% to Rs 1,891 crore.
Why this matters
GNG's rally follows a brokerage BUY at Rs 725 (27% upside) and Goldman Sachs plus domestic MFs picking up 3.94% for Rs 175 crore. A 50-60% new PC price surge continues to funnel buyers toward refurbished devices.
Retail-company signals are accelerating, up 804,300% QoQ.