India's Amber drops most in over 1.5-yrs after posting qtrly loss

Amber Enterprises India

12/02/2024 06:27

** Shares of Amber Enterprises India  AMBE.NS  down 11% at
3700 rupees, steepest fall since May 13, 2022
    ** AMBE is second-biggest percentage loser on Nifty 500
Index  .NIFTY500 , which is down about 1%
    ** Consumer durables maker posts qtrly loss of 4.8 mln
rupees ($57,836.55) vs 141.5 mln rupees profit yr ago; rev down
4%
    ** More than 314,000 shares traded, 1.6x times its 30-day
avg
    ** Avg rating of 18 analysts covering the stock is "Buy;"
their median PT is 3140 rupees - LSEG
    ** Stock gained 65.8% in 2023
    

($1 = 82.9925 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))