The Nifty is expected to remain rangebound with 18,600 levels acting as a strong resistance and the index likely to consolidate in the 18,500-18,600 range, according to Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities. He said a decisive close above 18,600 is required for a further uptrend. For Bank Nifty, Sheth expects it to trade sideways and recommends deploying an Iron Condor options strategy to take advantage of the movement. The oil and gas sector is struggling due to weakening demand from top oil consumer China and global economic weakness, while realty and consumer durable stocks have displayed mixed performance due to quarter-ending financials.

Investors can bid for a minimum of 52 equity shares and in multiples of 52 thereafter. Under the OFS, promoters Hardeep Singh will offload 60 lakh shares, and Surmeet Kaur will sell about 30 lakh shares.

Apart from room air conditioners, the company is also on the path to be a diversified B2B EMS player

Amber Enterprises was given a buy rating by Jefferies with a target price of Rs 3,120, owing to the expected growth of the domestic AC industry. Financial services company Motilal Oswal downgraded AU Small Finance Bank to a neutral buy with Rs 830 target price due to its rising cost of funds likely to impact its margins. JPMorgan remained neutral on Asian Paints with a Rs 3.128 target price.

Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7178.28 Crore) operating in Consumer Durables sector.

Sharekhan is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 2450 in its research report dated May 19, 2023.

Several smallcap stocks in India have offered double-digit weekly returns amidst weak global cues. Repro India has offered the highest returns at nearly 45%, followed by Aurionpro Solution and Shakti Pumps. The midcap segment has not witnessed any stock rising in double digits, but Ramco Cements led the segment with 9.66% gains. Despite the lack of decisive direction, the Indian domestic market closed positively. Investors would continue to look for global cues to understand market direction and earnings growth. The market is expected to resume its upward journey, supported by positive global cues.

YES Securities is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 2614 in its research report dated May 17, 2023.

Shares of electrical solutions provider Amber Enterprises India surged 17.5% to reach INR 2,210 ($29.40) on Bombay Stock Exchange after it reported Q4 2023 net profit of INR 108 crore, up 82% YoY, and Q4 2023 revenue of INR 3,003 crore, a 38% YoY increase. Full-year FY23 capex was INR 698 crore, with revenue for the year up 65% YoY to INR 6,927 crore. CEO of Amber Enterprises Jasbir Singh said the company had "transformed from an RAC player to a diversified B2B solution provider since the IPO launch in 2018".

The company's ROCE (return on capital employed) has improved from 11 percent in FY22 to 15 percent in FY23

Bharti Airtel reported a 50% YoY rise in the consolidated net profit for the quarter ended March to Rs 3,006 crore. Consolidated revenue grew 14.3% YoY to Rs 36,009 crore

Analysts believe Symphony has an edge over other consumer durable companies but the stock price does not reflect this

For companies such as Amber Enterprises India, Blue Star, Voltas, and Whirlpool of India, about 70% of the annual primary sales of their products like air conditioners, air coolers, and refrigerators take place in the first six months of a calendar year. In fact, March-May accounts for 50% of this.

Right now, the company’s stock valuation may be expensive. But analysts say it is a good small-cap name from a sunrise sector to buy on dips.

​​The firms top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex Industries and Supreme Industries. Based on Jefferies price targets, these stocks could return between 11% and 44%.

The worst hit stocks in the sector are contract manufacturers of electronic appliances Amber Enterprises and Dixon Technologies. While Amber Enterprises has nosedived more than 42% so far in FY23, Dixon has lost about 31%.

Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 6377.72 Crore) operating in Consumer Durables sector.

Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 6272.42 Crore) operating in Consumer Durables sector.

Global brokerage firm BNP Paribas' Kunal Vora sees the Budget as positive for infrastructure because of the large budgetary allocation, private banks for relative attractiveness of FDs and MFs and consumer durables on account of higher disposable income.

Sharekhan is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 2360 in its research report dated January 25, 2023.

Maruti Suzuki India, Pidilite Industries, SBI Cards and Payment Services, United Spirits, Macrotech Developers, CG Power and Industrial Solutions Ltd. Indus Towers, TVS Motor Company, HDFC Asset Management Company, Colgate-Palmolive (India), UCO Bank Supreme Industries, Sona BLW Precision Forgings, Motilal Oswal Financial Services, Easy Trip Planners, PNB Housing Finance, and other domestic companies are set to declare the earnings

Axis Securities is positive on KNR Constructions, PNC Infratech, RITES, KEC International, and PSP Projects to do well among infra stocks. These stocks have given returns in the range of 2.35-12.63% so far this year on a year-to-date (YTD) basis. KEC International has offered negative 1.52% returns this year.

Net Sales are expected to increase by 17 percent Y-o-Y (up 51.9 percent Q-o-Q) to Rs 1,139.9 crore, according to Nirmal Bang.

The quota for retail bidders was booked 14%, whereas the allocation for non-institutional investors fetched 7% bids. The portion for qualified institutional bidders was not off the mark.

The net proceeds from the fresh issue worth Rs 88 crore will be used to repay debt while Rs 37.59 crore of money raised will be used for capital expenditure to upgrade and expand existing facilities at Ghaziabad in Uttar Pradesh and Verna in Goa.

The company has done well over the past two years thanks to the strong bounce back in demand after the pandemic

Market participants believe that there is more upside left in the Indian markets. In its latest report, Morgan Stanley's India equity strategist Ridham Desai said the index would hit 68,500 by December 203 in the base case scenario.

“Over the short term, the trend is likely to remain positive. On the higher end, resistance is pegged at 18,900-19,000, whereas supports are placed at 18,700/18,500,” Rupak De, Senior Technical Analyst at LKP Securities, said.

“The crucial short-term moving averages are sitting below the index value, confirming the positive trend. The trend is likely to remain bullish as long as it remains above 18,600 as the support level shifts higher. On the higher end, resistance is visible at 18,800-19,000,” Rupak De, Senior Technical Analyst at LKP Securities, said.

“Technically, the market is consistently holding higher high and higher low formation, which is broadly positive. Hence, the support has now shifted to 18,550 from 18,450. As long as the index is trading above 18,550, the uptrend wave is likely to continue. Above which, the market could move up to 18,750-18,800,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities, said.

Potential risks highlighted by Macquarie Capital Securities for Paytms business from the foray by Reliance Industries into financial, prompted investors to dump shares of One97 Communications, which has already been one of the worst performers in 2022 so far.

“The uptrend status of Nifty as per long-term charts like weekly is still intact and present consolidation or minor weakness in the market could be considered as a buy on dips opportunity. As long as the support of 18,100-18,000 levels is protected, one may expect consolidation movement to continue. A decisive move above 18,400 levels is likely to open a new all time high of 18,600+ levels in the near term,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities said.

Kaynes Technology allotted 43.76 lakh equity shares to anchor investors at Rs 587 apiece, aggregating to Rs 257 crore, according to a circular uploaded on the BSE website.

Kaynes Technology offers design-led electronics manufacturing to original equipment manufacturers. Among the listed space, Kaynes Technology competes with Dixon Technologies India, Syrma SGS Technology, and Amber Enterprises India.

European shares fell on Thursday, led by technology shares, after the Federal Reserve hinted at smaller interest rate increases for longer, dampening hopes of a downshift in its aggressive fight against inflation.The pan-European STOXX 600 dropped 0.9% by 0905 GMT, with rate-sensitive European technology stocks falling nearly 2%. While most major European sector indexes slid, banks edged 0.3% higher.

In the Nifty pack, 35 stocks were trading in the green, while 14 stocks were trading in the red.

In the Nifty50 index, 35 stocks were trading in the green, while 15 stocks were in the red.

ICICI Direct recommended hold rating on Amber Enterprises with a target price of Rs 2395 in its research report dated October 23, 2022.