GNG Electronics touches roof on entering into strategic distribution partnership with Redington
GNG Electronics is currently trading at upper limit of Rs. 656.15, up by 31.20 points or 4.99% from its previous closing of Rs. 624.95 on the BSE.
The scrip opened at Rs. 649.75 and has touched a high and low of Rs. 656.15 and Rs. 637.20 respectively. So far 119168 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 656.15 on 01-Jul-2026 and a 52 week low of Rs. 239.00 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 656.15 and Rs. 554.75 respectively. The current market cap of the company is Rs. 7480.87 crore.
The promoters holding in the company stood at 78.71%, while Institutions and Non-Institutions held 7.98% and 13.31% respectively.
GNG Electronics (Electronics Bazaar) has, in continuation of its channel-led expansion strategy, entered into a strategic distribution partnership with Redington, India’s largest distributor of IT products, for the nationwide distribution of its refurbished computers across India. This partnership marks a further step in the company’s efforts to formalize and scale the organized refurbished ICT segment through structured, pan-India channel access.
Under the partnership, Redington will distribute Electronics Bazaar’s range of professionally refurbished laptops, desktops and enterprise computing systems across India. Redington’s pan-India distribution network - spanning Tier 1, Tier 2 and Tier 3 markets is expected to widen GNG’s reach, deepen enterprise, education and institutional penetration, and strengthen access to warranty-backed refurbished systems through one of the country’s most established ICT distribution networks.
Channel has been a key pillar of Electronics Bazaar’s growth strategy. The company continues to enhance its distribution network by partnering with established distribution and reseller networks that extend its reach across the country. The association with Redington adds one of the deepest distribution ecosystems in Indian IT to Electronics Bazaar’s existing channel relationships, broadening access for its refurbished portfolio across resellers, system integrators, enterprise, education and institutional buyers. This partnership reflects the central role channel plays in how GNG goes to market.
