Amber Enterprise India jumps most in over 3.5 years as Q4 profit surges

Amber Enterprises India

17/05/2023 05:12

** Shares of Amber Enterprises India Ltd  AMBE.NS  rise as
much as 18.1% to 2,222 rupees, the biggest intraday pct jump
since Sept. 2019
    ** Consumer durables maker on Tuesday said Q4 consolidated
net profit surged ~82% with a 55% jump in rev from ops  
    ** If trends hold, stock on track to advance for third
consecutive session
    ** About 337,000 shares change hands by 9:40 a.m. IST, 6.2x
the 30-day avg - Refinitiv Data
    ** Twelve of 19 analysts covering stock have a "buy" or
higher rating, six "hold," while one rate it "strong sell;"
median PT is 2,351.50 rupees
    ** Stock last up ~13%, turning YTD loss of 0.5% to gains of
12.3%


($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))