Latest news with #AmberEnterprisesIndiaLtd
Business Upturn
12-07-2025
- Business
- Business Upturn
Amber Enterprises board approves enabling resolution to raise up to Rs 2,500 crore
Amber Enterprises India Ltd has announced that its Board of Directors, at a meeting held on July 12, 2025, has approved an enabling resolution to raise funds of up to ₹2,500 crore. The proposed fundraising will be through the issuance of permissible securities and is subject to necessary regulatory approvals and shareholder consent. This move was disclosed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the company's earlier intimation dated July 9. The company noted that further details regarding the type and mode of securities will be shared in compliance with SEBI's November 2024 circular, once finalized. Additionally, the Board approved the Notice of the 35th Annual General Meeting (AGM), which is scheduled to be held on Monday, August 11, 2025, at 3:00 PM IST. The AGM notice and the Annual Report for FY 2024-25 will be shared with the stock exchanges in due course. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
04-07-2025
- Business
- Business Standard
Amber Enterprises India Ltd Slips 0.84%
Amber Enterprises India Ltd has added 16.48% over last one month compared to 5.58% gain in BSE Consumer Durables index and 2.85% rise in the SENSEX Amber Enterprises India Ltd fell 0.84% today to trade at Rs 7269.7. The BSE Consumer Durables index is down 0.38% to quote at 60811.45. The index is up 5.58 % over last one month. Among the other constituents of the index, Kalyan Jewellers India Ltd decreased 0.57% and Voltas Ltd lost 0.55% on the day. The BSE Consumer Durables index went up 3.15 % over last one year compared to the 4.07% surge in benchmark SENSEX. Amber Enterprises India Ltd has added 16.48% over last one month compared to 5.58% gain in BSE Consumer Durables index and 2.85% rise in the SENSEX. On the BSE, 718 shares were traded in the counter so far compared with average daily volumes of 13484 shares in the past one month. The stock hit a record high of Rs 8167.1 on 07 Jan 2025. The stock hit a 52-week low of Rs 3965 on 14 Aug 2024.
Business Insider
29-06-2025
- Business
- Business Insider
Kotak Mahindra Reaffirms Their Buy Rating on Amber Enterprises India Ltd. (AMBER)
In a report released on June 27, Deepak Krishnan from Kotak Mahindra maintained a Buy rating on Amber Enterprises India Ltd. (AMBER – Research Report), with a price target of INR7,900.00. The company's shares closed last Friday at INR6,848.50. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Krishnan is ranked #6116 out of 9622 analysts. Amber Enterprises India Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of INR6,635.00.
Mint
28-04-2025
- Business
- Mint
Electronics manufacturing services sector gets charged up on PLI, US tariff impact; Dixon, Amber set to benefit
The launch of the Indian government's production-linked incentives (PLI) for the electronics manufacturing services (EMS) sector, inviting applications from 1 May, could not have come at a better time, with the disruption caused by the US-China tariff war. While the US has exempted essential electronics from reciprocal tariffs applicable to Chinese imports, they would still attract a 20% tariff against nil from other countries. Further, uncertainty surrounding the overall trade dynamics is pushing companies to consider building alternative supply chains. Here, India emerges as a strong supply base. The PLI scheme would provide incentives to the sector for six years, focusing on component manufacturing and increasing domestic value addition. The total targeted investment is ₹ 59,300 crore and the estimated incremental production is ₹ 4.6 trillion. The products covered include camera and display modules, receiving incentives at 1-5% of on-year incremental revenue, SMD (surface mount devices) and multilayer PCBs (printed circuit boards) at 4-10%, and flexible PCBs at 4-8%, along with a 25% capital subsidy. Flexible PCBs receive capital subsidy as well. Companies that are expected to gain from the scheme include Amber Enterprises India Ltd and Kaynes Technology India Ltd. Dixon Technologies (India) Ltd has tied up with China's HKC Corp in a 74:26 joint venture to manufacture display modules. The company plans to commission the first line of display modules by November at an investment of ₹ 250 crore and build two additional lines in the next two years. For camera modules, it is exploring a partnership and expects to start production with a one-year lag. The two backward integration projects plus smaller ones such as enclosures and precision components would increase domestic value addition by 27%. Amber has formed a 70:30 joint venture with a Korean company for the manufacture of PCBs, entailing an investment of over ₹ 1,000 crore, 25% of which would be provided by the government as subsidy. The expected margin is about 18%, according to Kotak Institutional Equities, in line with its Ascent Circuits business acquired in early 2024. A buyback arrangement for two years with the JV partner would help it stabilize production and build a customer base. Apart from PCBs, Kaynes is setting up an OSAT (outsourced semiconductor assembly and test) manufacturing facility, expected to start production in Q2 of FY26. Domestic EMS companies are also expected to get a boost with global companies expanding their manufacturing bases outside China to mitigate the US tariff impact. 'We see limited scope of smartphone assembly shifting to the US given the low value-added nature of the product, significant disparity in labour costs (average hourly wage in India is $1.5 versus about $2.5 in Mexico and $15 in the US) and the strengthening US dollar versus other currencies, making manufacturing in the USA expensive," Nomura Global Markets Research said in a 14 April report. The report projects Apple's iPhone India production share will rise to 21-25% in 2025 from 12-16% in 2024, benefitting domestic companies in the supply chain, and Dixon, which manufactures smartphones for Motorola and Google, will export its devices to the US. Amid improving prospects and anticipation of strong March quarter (Q4FY25) results, the shares of Dixon, Kaynes and Amber have risen by 33%, 43% and 13%, respectively, from their intra-day lows on 7 April. The potential gains from the PLI scheme and the supply chain shift would keep investor interest alive in these stocks.
