Amber Enterprises India gains on mobile manufacturing pact with Oppo

Dixon Technologies (India)

19/06/2026 05:58

** Shares of Amber Enterprises India AMBE.NS rise 1.4% to 8,079 rupees, set to climb for a sixth consecutive session, if gains hold 
** AMBE enters an agreement with Oppo Mobiles India to manufacture mobile phones
** "We estimate this to have low-double-digit to high-teen valuation impact," CLSA says
** Adds that for incumbents in mobile manufacturing market like Dixon DIXO.NS it could indicate higher competitive intensity; DIXO down 1.7%
** BNP Paribas sees AMBE entering mobile manufacturing as a sentimental negative for DIXO with increasing competition on the incremental Oppo volumes potential
** It will be margin dilutive as mobile manufacturing typically operates at below 3% EBITDA margins as compared to Amber's consol EBITDA margin of ~8% for FY26, JP Morgan says
** YTD, AMBE up ~26% vs ~3% gains in DIXO

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))