Amber Enterprises India hits more than 1-1/2 yr high

Amber Enterprises India

10/01/2024 07:30

** Shares of household electronics co Amber Enterprises
India  AMBE.NS  rise as much as 4.5% to 3,554 rupees, highest
price since May 10, 2022
    ** Stock on track for sixth consecutive session of gains, if
trend holds
    ** AMBE on Dec 3 said it would acquire 60% stake in printed
circuit boards manufacturer Ascent
    ** Stock has gained 13.1% the announcement
    ** Avg analyst rating on AMBE is "buy", same as rival
Crompton Greaves Consumer Electricals  CROP.NS  and Havells
India  HVEL.NS , while Voltas  VOLT.NS  is "hold" - LSEG data 
    ** AMBE's avg PT is 3,114.50 rupees, 11.5% lower than
current price - LSEG data





 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))