As of the quarter ended June, it held 3.2% stake in the contract manufacturer.
Shares of Amber Enterprises today ended over 3% higher at Rs 2,349.55 apiece on the NSE. The stock is a multi-bagger with a 3-year return of 153%. Nonetheless, in the last one year it has eroded investors’ wealth with a negative return of around 36%.
Amber Enterprises commanding a market-cap of Rs 7,916 crore is a small-cap scrip. The company’s product range includes air conditioners, microwave ovens, refrigerators, washing machines, heat exchangers, multi-flow condensers, luminaries, vacuum forming components etc.
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