India's Amber Enterprises extends post-results drop as brokerages lower price target

Amber Enterprises India

10/11/2025 08:43

** Shares of AC maker Amber Enterprises AMBE.NS fall 2.5% to 7,047 rupees apiece

** AMBE down 10.2% in two sessions since posting 328-mln-rupee ($3.73 million) Q2 net loss

** Investec reiterates "hold", cuts PT to 7,400 rupees from 8,180 rupees

** Says ongoing AMBE Q3 results will also not be materially better, after Q2's hurt by higher raw material costs and deferred sales after GST cuts

     ** Terms moderation of growth in electronics division as uninspiring

** Seven other brokerages have slashed their PT on AMBE since results - data compiled by LSEG

** Average rating of 27 analysts is "buy", median P{T is 8400 rupees - LSEG data

** YTD, AMBE down 2.2% vs 5.6% rise of Nifty 500 index .NIFTY500

($1 = 87.8950 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))