Amber Enterprises shares rise 3% after management reiterates growth guidance

Shares of Amber Enterprises India Ltd. were trading up as much as 3% on Monday, December 15, after positive commentary from recent analyst and management interactions.

During analyst meetings, the management reiterated its guidance, which implies a strong 13-15% outperformance over the consumer durables industry.

The company indicated industry leading growth in the air conditioning segment and flagged a much stronger growth outlook across other segments over the medium term.

A major portion of the discussions focused on the electronics business, where Amber reiterated a robust medium term pipeline backed by organic expansion projects and capacity ramp up following recent acquisitions.

CLSA maintained an 'Outperform' rating on Amber Enterprises with a price target of ₹8,400.

The brokerage said execution of ongoing electronics projects, including PCB manufacturing through Ascent Circuits and Korea Circuits, along with scaling up newly acquired capacities, will be key triggers for a rerating of the stock.

Separately, Nuvama reiterated its 'Buy' rating on Amber Enterprises with a price target of ₹9,100.

The brokerage said management commentary pointed to strong traction in the electronics segment, gradual improvement in mobility, and continued leadership in consumer durables.

It also said that deeper backward integration and recent acquisitions are strengthening Amber's capabilities and margin profile in the electronics business.

However, after factoring in the recent takeover and higher raw material costs, Nuvama has trimmed its FY26 and FY27 EPS estimates by 6% and 2%, respectively.