Sun, May 05, 2024
After Amber Enterprises' strong quarterly performance, brokerage SBI Securities recommended buying the stock with a target of Rs 4,840. The target implies an upside of more than 15 per cent from Friday's closing price.
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Fri, Mar 22, 2024
Stock market today: Amber Enterprises is an original equipment manufacturer that offers products including air conditioners, microwave ovens, refrigerators, washing machines, heat exchangers, multi-flow condensers, luminaries, and vacuum-forming components, among others.
Mon, Mar 18, 2024
Stock of The Day Today Ani lSinghvi gave buying opinion in Amber Enterprises, what is the stoploss and targets? See in this video.
Tue, Jan 09, 2024
Several analysts are upbeat on the stock of Mumbai-headquartered Amber Enterprises, banking on the company’s revenue visibility given its strong overall order book and potential growth in the high-margin railway and mobility (R&M) unit.
Wed, Dec 27, 2023
Besides, the stock is trading at a low valuation with a trailing twelve-month price-to-earnings ratio of 67.4, which is below the industry average.
Mon, Dec 11, 2023
Subros share price: Subros announced on Saturday in a press release that the company has bagged an order worth Rs 25 crore from the Railways for the supply and commissioning of coach roof-mounted air conditioners.
Wed, Oct 25, 2023
Meanwhile, Goldman Sachs has also maintained a 'buy' on Amber Enterprises and raised the target to Rs 2,990 from Rs 2,920.
Mon, Mar 21, 2022
Marred by consecutive lockdowns and erratic rains, room air conditioners (RAC) industry from consumption discretionary space has seen decent price correction, however, it is poised to do well this summer amid expected huge demand.
Fri, Jun 25, 2021
First on Zee Business: The government has issued a BIS (Bureau of Indian Standards) norms to put a hold on the import of cheap air conditions, Zee Business journalist Chetan Bhutani reveals while referring to an official notification during a conversation with Managing Editor Anil Singhvi.
Fri, Mar 19, 2021
Amber Enterprises is a dominant EMS player in the underpenetrated Indian RAC industry with 24% market share. This has been led by a combination of intense backward integration through acquisitions in motors and PCBA, increasing ODM product range (which offers higher margins/RoICs) and sticky client relationships with its top 10 customers holding a 75%+ market share (15 plants, located close to customers)
Wed, Feb 24, 2021
Amber Enterprises is one of the key beneficiaries of the import ban on air-conditioners (ACs) with refrigerants helping the company gaining new customers (signed six customers since the announcement) with further scope for additions. Secondly, the government’s likely plan to expand production-linked incentive (PLI) schemes for ACs and components, with Rs 5000 cr worth of incentives bodes well for Amber Enterprises, though the details are still awaited.
Tue, Feb 02, 2021
Amber Enterprises reported operationally strong quarter leading to better than expected net profit. Consolidated revenue declined by 3% yoy at Rs 764.7 cr, (lower than estimates) as the industry achieved normalised inventories led by sustained retail & OEM demand. RAC (Room Air Conditioner) revenues came at Rs 413 cr vs Rs 431 cr in Q3 FY20 (down 4% yoy) while components & mobility application revenues declined by 2% yoy to Rs 352 cr.
Thu, Jan 14, 2021
Market Expert Rajat Bose on Tuesday spoke to Zee Business Managing Editor Anil Singhvi and recommended three stocks with long term, positional and short-term horizon
Tue, Dec 08, 2020
Apart from brand owners, Amber/Dixon are leading competitors from a manufacturing perspective. While both stocks have outperformed recently, Credit Suisse initiates coverage of them with OUTPERFORM ratings based on their strong extant platform and growth outlook, multiple medium-term opportunities, still-reasonable valuations on FY23E basis, strong cash flows and return ratios, and incremental catalyst of activation of phased manufacturing programme and incentive scheme beyond mobiles.
Mon, Oct 26, 2020
Jasbir Singh, Chairman and Chief Executive Officer, Amber Enterprises, talks about the impact of the ban on AC with refrigerants on his business, how the proceeds of the QIP will be used and plans to collaborate with other brands among others during a candid chat with Swati Khandelwal, Zee Business.
Tue, Oct 20, 2020
Under Atmanirbhar Bharat, Amber Enterprises will shift focus from imports to domestic manufacturing.
Wed, Apr 10, 2019
Why this share is set to become the next potential summer stock.
Tue, Jan 30, 2018
The initial public offering of the company, the manufacturer of air-conditioners, concluded on Friday and was subscribed by a whopping 165 times.
Mon, Jan 22, 2018
So far in 2018, three companies have entered in IPO route. And two companies have already witnessed over 150 times subscription.
Wed, Jan 17, 2018
The IPO, the third in 2018, will close on Friday. The price band has been set within Rs 855-859 per share.
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