GNG Electronics shares rally for second straight session, jump 9% on Friday; here’s why

GNG Electronics shares continued to rally for the second consecutive day, rising 9% to an intraday high of ₹455 apiece on Friday, June 12, as financial institutions like Goldman Sachs and a few more picked stakes in the firm.

Goldman Sachs, MCP Emerging Markets, and other financial institutions picked up more than 44 lakh shares, representing a nearly 4% equity stake in GNG Electronics, the parent company of Electronics Bazaar, for a total of ₹175 crore through open market transactions.

GNG Electronics promoter Vidhi S Khandelwal pared around a 4% stake in the company on Thursday, according to an exchange filing.

Domestic institutional investors such as Mirae Asset Mutual Fund (MF), ITI MF, Edelweiss MF, Trust MF, and Motilal Oswal Equity Opportunities Fund Series II also bought shares of GNG Electronics.

These entities collectively purchased 4,487,203 shares, representing a 3.94% stake in Mumbai-based GNG Electronics, according to the block deal data available on the National Stock Exchange (NSE). The shares were picked up at an average price of ₹390 apiece, taking the combined transaction value to ₹175 crore.

Meanwhile, Vidhi S Khandelwal, one of the promoters of GNG Electronics, offloaded the same number of shares, as per the data.

After the latest transaction, Khandelwal's holding in GNG Electronics dropped to 11.79% from 15.73%. Furthermore, the combined holding of promoters and promoter group entities declined to 74.77% from 78.71%.

In a filing with the exchanges, GNG Electronics said that its promoter, Vidhi S. Khandelwal, has sold 4,487,203 equity shares of the company, representing a 3.94% equity stake.

The company said the promoter has reduced its stakeholding to achieve the minimum public shareholding requirements as mandated under SEBI's Securities Contracts (Regulation) Rules and Listing Obligations and Disclosure Requirements Regulations, 2015.

GNG Electronics Ltd is one of India's largest refurbishers and providers of information and communication technology devices.

GNG Electronics share price

At 11 AM, GNG Electronics shares were trading at ₹427.85 apiece on the National Stock Exchange, gaining 2.22%.

Shares of the company have jumped 3% in the last five trading sessions, while they have soared 59% in the past six months. From the beginning of the year, GNG Electronics shares have increased over 38%.

Shares of the company had touched their one-year high of ₹484.80 apiece on May 6, 2026, while their 52-week low of ₹239 was hit on January 27, 2026.

GNG Electronics, which was listed last year, has a total market capitalisation of ₹4,870 crore as of June 12, 2026, according to data from the NSE.