India's GNG Electronics hits record high after partnership with local IT distributor
01/07/2026 08:46
BUZZ-India's GNG Electronics hits record high after partnership with local IT distributor ** Shares of GNG Electronics GNGL.NS rise 5% to a record 656.7 rupees; on track for fifth straight session of gains
** Household electronics company partners with IT product distributor Redington Ltd REDI.NS for nationwide distribution of refurbished computers
** Deal expected to bolster GNGL's flagship brand Electronics Bazaar's distribution velocity, geographic penetration, and embed its products within organised channel ecosystems
** YTD, stock up 113.46%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
Recent news on Redington
See all newsBrief: Redington Gulf Signs Strategic Collaboration Agreement With AWS For AI Adoption In Meta Region
India's Redington gains on distribution deal with global cybersecurity firm OPSWAT
India's Redington rises as Ambit Capital initiates with 'buy'
India's Redington rises on PT hike by Investec
India's Redington jumps to one-year high after quarterly profit rise