Amber Enterprises India falls most in near 1-1/2 years on wider Q2 loss

Amber Enterprises India

23/10/2023 06:57

** Shares of Amber Enterprises India  AMBE.NS  fall as much
as 10.4% to 2,721.1 rupees, their steepest intraday fall since
May 16, 2022
    ** The household electronics co reported wider Y/Y net loss,
hurt by an over 23 % jump in expenses
    ** Consol revenue from operations surged 23.6% 
    ** Nearly 400,100 shares change hands by 11:15 a.m. IST,
4.5x the 30-day avg of 88,836 shares
    ** Analysts covering the stock on average have a "buy"
rating; median PT is 2,600 rupees - LSEG data
    ** Stock currently down 6.5%, trimming YTD gains to ~54%




 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))