India's Amber Enterprises up after Franklin Templeton buys stake

Amber Enterprises India

25/10/2023 05:44

** Shares of Amber Enterprises  AMBE.NS  rise as much as 7%
to 2,989 rupees, their biggest intraday pct gain since Aug. 17
    ** Investment firm Franklin Templeton Mutual Fund buys
200,000 shares of AMBE at trade price of 2,820 rupees per share
- NSE bulk deals data 
    ** Over 284,000 shares change hands as of 10:03 a.m. IST,
2.7x the 30-day moving average
    ** Ten of the 18 analysts rate stock "buy" or "strong buy",
seven rate it "hold", while one recommends "strong sell"; median
PT is 2,900 rupees - LSEG data
    ** Stock last up 6.4%, extending YTD gains to ~57%
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))