Amber Enterprises
Amber shares jump after mega Oppo deal; OnePlus, Realme manufacturing boost sparks bullish bets
Mumbai/IBNS: Shares of Amber Enterprises India Ltd. gained nearly 2 percent on Monday after the company announced a manufacturing collaboration agreement with Oppo Mobiles India, according to media reports.
Stock Gains on Strategic Partnership
Amber Enterprises' shares rose to Rs. 8,067.50 following the announcement of the partnership, which is expected to strengthen the company's presence in India's rapidly growing smartphone manufacturing sector.
Manufacturing for Oppo, OnePlus and Realme
Under the agreement, Amber Enterprises will manufacture mobile phones for Oppo India's entire brand portfolio, including Oppo, OnePlus and Realme.
The collaboration marks a significant expansion of Amber's electronics manufacturing business and is expected to benefit from increasing domestic smartphone production.
Brokerages Remain Positive
Brokerages have largely welcomed the deal, citing the potential advantages of the Production Linked Incentive (PLI) scheme and greater component backward integration.
JPMorgan maintained a 'Neutral' rating on the stock with a target price of Rs. 7,650.
Meanwhile, Kotak Securities retained its 'Buy' rating and raised its target price on the stock from Rs. 8,150 to Rs. 8,710, reflecting optimism over the company's growth prospects following the partnership.
About Amber Enterprises
Amber Enterprises is one of India's leading electronics manufacturing services providers, with operations spanning consumer durables, electronics and components manufacturing.
The Oppo collaboration is expected to further strengthen the company's position in the country's expanding electronics manufacturing ecosystem.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
