GNG Electronics jumps as Motilal Oswal keeps Buy, ₹840 target
In short
GNG Electronics shares rose 0.91% to ₹577.10 on Friday after falling earlier in the week. Motilal Oswal kept a Buy call and set a ₹840 target price, saying the company has a strong distribution network and growing demand for low-cost refurbished computers.
What the reporting says
GNG Electronics shares rose 0.91% to ₹577.10 on Friday after early-week losses, as Motilal Oswal kept a Buy rating and a ₹840 target on the stock. The brokerage cited the company’s distribution scale, expanding network and demand for affordable refurbished computers. The view points to further upside from the current level, according to the note.
Why it matters
GNG Electronics gained 0.91% to ₹577.10 on Friday after earlier weakness in the week, while Motilal Oswal reiterated a Buy rating with a ₹840 target. The brokerage pointed to the company’s distribution scale, network expansion and demand for affordable refurbished computers. The note signals continued analyst support for the small-cap stock and implies further upside from the latest trading level.