AMBER

March 30 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES INDIA - APPROVED DISINVESTMENT OF 49% STAKE HELD BY SIDWAL IN JV SHIVALIKS MERCANTILE

Source text: ID:nBSEfHD7Q

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March 19 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• TO INVEST 2.96 BILLION RUPEES IN IL JIN VIA RIGHTS ISSUE

Source text: ID:nBSEb8KYyk

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** India's electronics manufacturing services (EMS) sector growth story remains intact despite a sharp 8%–35% correction in recent months, J.P. Morgan says

** In the sector, all stocks except Dixon Technologies Ltd DIXO.NS are expected to deliver 20%–25% revenue growth over FY26–28E, analysts at J.P. Morgan say

** See evidence of the sector upping value addition, evolving from finished product assembly to component and PCB manufacturing - JPM

** Syrma SGS Technology Ltd SYRM.NS remains J.P. Morgan's top pick in the sector, followed by Dixon

** Says with high conviction on revenue path, valuation discount and consumer electronics upcycle, see Syrma as the best risk-reward among the EMS names

** YTD, DIXO down 14.5%, KAYN down ~10% and SYRM up about 2%

(Reporting by Brijesh Patel in Bengaluru)

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** Shares of Indian air conditioner makers are down between 2.3% and 4%

** Blue Star BLUS.NS is down 3%, Voltas VOLT.NS falls 2.8%, Havells India HVEL.NS drops 2.3%, Amber Enterprises AMBE.NS down 4% and Whirlpool of India WHIR.NS is trading 2.5% lower

** Indian AC makers flag production risks as LPG shortage worsens amid West Asia war, according to a Business Standard report

** Report notes LPG is used in brazing and curing of powder-coating

** YTD, BLUS, VOLT and AMBE up ~9%, ~3%, and ~4%, respectively; HVEL and WHIR down ~8% and ~3%

(Reporting by Anuran Sadhu in Bengaluru)

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March 5 (Reuters) -

• HDFC MUTUAL FUND BUYS 241,774 SHARES IN AMBER ENTERPRISES INDIA VIA BULK DEAL - BSE DATA

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** India's electronics manufacturing services sector seen benefiting from federal budget's pivot toward higher value addition and backward integration, brokerages say

** Government proposed increasing outlay for Electronic Components Manufacturing Scheme by 400 billion rupees ($4.36 billion), scaling up manufacturing and boosting semiconductor development

** CLSA says the budget marks a "pivot point" for electronics manufacturing, government allocation supports domestic component manufacturing and integration but flags near-term risks from lower smartphone assembly incentives

** Jefferies says higher allocation supports the medium-term outlook for electronic companies, but flags execution timelines and the expiry of assembly-linked incentives as near-term risks for some players

** Nomura flags continued policy support for electronics and semiconductors in the budget as a key positive within a fiscally restrained framework

** Dixon Technologies DIXO.NS flat, Kaynes Technology India KAYN.NS down 5%, Syrma SGS up 0.73% and Amber Enterprises AMBE.NS down 2.7% on the day

($1 = 91.7125 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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Updates

** Shares of Indian electronics manufacturing services firms Dixon Technologies DIXO.NS, Kaynes Technology KAYN.NS, Syrma SGSSYRM.NS, Amber Enterprises AMBE.NS rise

** Stocks gain between 3.25% and 4.83% after government proposes increasing outlay for electronic components manufacturing by 400 billion rupees ($4.36 billion)in federal budget

** Government also proposes scaling up manufacturing and boosting semiconductor development

** EMS firms are seen as key beneficiaries of India's push to localise electronics manufacturing

($1 = 91.6710 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Jefferies expects Indian electronics manufacturing services (EMS) firms to deliver strong earnings per share with CAGR of 44% between FY25 and FY28, based on execution

** Indian government's component manufacturing production-linked incentive (PLI) scheme has benefited companies in the segment, according to analysts at Jefferies

** Brokerage prefers Indian component makers over original equipment manufacturers in 2026

** It estimates total capex of Amber Enterprises AMBE.NS, Syrma SGS Technology SYRM.NS, Kaynes Technology India KAYN.NS and Dixon Technologies DIXO.NS to be ~100 bln rupees between FY26 and FY28; RoCE at 15-17%

** AMBE down 0.6%, KAYN and DIXO slip 5.8% and 2.5%, respectively while SYRM adds 0.2%

** Brokerage's top picks:

(Reporting by Abhirami G in Bengaluru)

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Jan 2 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• SUBSIDIARIES GET APPROVAL UNDER ELECTRONICS COMPONENTS MANUFACTURING SCHEME

Source text: ID:nBSE9kB7L6

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Oct 9 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES INDIA LTD - IL JIN ELECTRONICS BUYS 5.6 MILLION SHARES OF UNITRONICS

Source text: ID:nBSE3PdZkv

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July 9 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• TO CONSIDER RAISING FUNDS UP TO 25 BILLION RUPEES

Source text: ID:nBSE7WV8G

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** Dixon Technologies DIXO.NS, Kaynes Technology KAYN.NS and Amber Enterprises AMBE.NS rise 7.5%, 5% and 5.8%, respectively

** Indian government approves production-linked incentive (PLI) scheme for electronics components, with a 229 bln-rupee ($2.66 bln) outlay

** Scheme offers turnover-linked, capex-linked and hybrid incentives

** JM Financial says DIXO, KAYN, AMBE likely to benefit from scheme

** YTD, DIXO, KAYN, AMBE down ~26%, ~35% and ~16%, respectively

($1 = 86.0200 Indian rupees)

S

(Reporting by Yagnoseni Das in Bengaluru)

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** Shares of Epack Durable EPAC.NS, PG Electroplast PGEL.NS and Amber Enterprises AMBE.NS up between 2%-5%

** Room air conditioners and electronics manufacturing services sectors poised for significant expansion due to favorable macro trends and shift toward domestic electronic goods makers, analyst at Nirmal Bang says

** Brokerage initiates coverage on EPAC with "buy" rating, sets PT of 504 rupees; says co offers reasonable valuations and growing original design manufacturer presence

** Nirmal Bang also initiates coverage on PGEL and AMBE with "hold" ratings; says both cos are fundamentally strong but trade at premium valuations

** Sets PT of 863 rupees and 6,910 rupees on PGEL and AMBE, respectively

** EPACK has most attractive risk-reward opportunity, while PGEL and AMBE are better suited for long-term investment - Nirmal Bang

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Blue Star BLUS.NS hits two-month high of 2,225 rupees as Indian AC makers jump as much as 4%

** Critical AC and refrigerator components exempted from mandatory Bureau of Indian Standards (BIS) certification to prevent shortage during summer, Economic Times reports

** AC makers had highlighted potential shortage due to lack of BIS certification of copper and compressor vendors from China and other countries

** Amber Enterprises India AMBE.NS and Voltas VOLT.NS gain ~3% and ~4%, respectively, to one-month highs; Havells India HVEL.NS adds 2%

** AMBE surges 21% so far in March after warm summer forecast; HVEL, BLUS and VOLT up 8%-15%

** YTD, BLUE rises 4%; HVEL, AMBE and VOLT fall 7%-15%

(Reporting by Vivek Kumar M)

(([email protected];))

** Jefferies says it is positive on electronic manufacturing (EMS), other sectors linked to capex and summer demand in small- and mid-caps

** Top picks are Polycab POLC.NS, Amber Enterprises AMBE.NS, Voltas VOLT.NS and Crompton Greaves Consumer Electricals CROP.NS

** POLC wired for consistent growth despite Ultratech Cement's planned foray into cables and wires segment, says Jefferies

** AMBE likely to benefit from rising domestic market shares in air-conditioners (AC)

** CROP to potentially gain from double-digit growth in premium fans; Voltas to benefit from a demand uptick on forecast of hotter-than-normal summer - Jefferies

** POLC shares up 1.1% on the day; AMBE, VOLT, CROP gain about 3% each - data compiled by LSEG

** Recent market decline is opportunity for investors to evaluate quality in small-cap and mid-cap segments, says Jefferies

** India's benchmark Nifty 50 is down 14.3% from record high levels while small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 are trading 23.8% and 20.5% below their all-time high levels

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** India's warmest February in 124 years could spur a demand uptick in cooling product categories like air-conditioners, air-coolers, refrigerators and fans, says CLSA

** Weather office has warned of further rise in temperature and heatwave days going ahead

** Listed air-conditioner and components makers such as Voltas VOLT.NS, Blue Star BLUS.NS, Amber Enterprises AMBE.NS gain 1.4%-2.7%; Johnson Controls JCHA.NS jumps 6%

** CLSA also expects summer-centric consumer categories like ice creams, beverages, dairy products to benefit from a hot summer

** As power demand picks up, coal availability for non-power sector could get hurt, leading to a rise in e-auction coal prices, which is a positive for Coal India COAL.NS, according to CLSA

** Coal India up 0.5% on the day

** On the flip side, a hot summer could cause water scarcity which could momentarily disrupt construction projects, CLSA says

** Earlier in the week, Jefferies identified AMBE, VOLT, Crompton Greaves CROP.NS as well as pipe and pump makers as its key summer plays

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES INDIA LTD - RECEIVES SHOW CAUSE NOTICE FROM NOIDA CUSTOMS

• AMBER ENTERPRISES INDIA LTD - TO SUBMIT REPLY AFTER CONSULTATION

Source text: ID:nBSE97QSdJ

Further company coverage: AMBE.NS

** Shares of Amber Enterprises India AMBE.NS rise as much as 7.1% to 7,248 rupees

** The consumer durable products manufacturer on Thursday reported Q3 consol net profit of 358.7 mln rupees ($4.2 mln) vs loss of 4.8 mln rupees yr ago, while rev from ops jumped ~65% Y/Y to 21.33 bln rupees

** Co's business segments, consumer durables division and electronics division clocked Q3 rev growth of 67% Y/Y and 96% Y/Y, respectively

** More than 926,000 shares change hands, 0.9x of 30-day avg

** Avg rating of 22 analysts equivalent of "buy", median PT is 6,760 rupees - LSEG data

** Stock rose 53.6% in Dec. qtr, its seventh straight quarterly gain

($1 = 86.2975 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 23 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES DEC-QUARTER CONSOL NET PROFIT 358.7 MILLION RUPEES

• AMBER ENTERPRISES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 21.33 BILLION RUPEES

Source text: ID:nNSE3c2r2X

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** Shares of consumer durable products manufacturer Amber Enterprises AMBE.NS climb 1.7% to 7,675.65 rupees

** Jefferies says Amber is its top pick in the electronics manufacturing services sector; retains "buy" rating and raises PT to Street-high of 8,840 rupees

** Jefferies sees co's sales growing 23% CAGR in FY24-27, led by its fast-growing components business, as well as capacity and client addition, and highlights government manufacturing incentives as a bonus

** Adds, stock is its top small and midcap pick

** Avg rating of 22 analysts is a 'buy' on avg, with median PT at 6,760 rupees - LSEG

** Stock more than doubled in value in 2024, outperforming the Nifty Midcap 100 .NIFMDCP100 index's 24% climb

(Reporting by Nandan Mandayam in Bengaluru)

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** Amber Enterprises India AMBE.NS jumps 7.7% to a record high of 7,436.8 rupees; set for best day since June 2020

** Consumer durables firm is looking to demerge its electronics division, CNBC-TV18 reports, citing sources

** Bankers appointed to oversee division's demerger and subsequent IPO launch, report says

** Division contributed 29% to co's total rev in September quarter

** AMBE did not immediately respond to Reuters' request for comment

** Stock eyes busiest session since Oct. 24, with traded volumes at 6.6x the 30-day avg

** AMBE rated "buy" on avg; median PT is 6,675 rupees - LSEG

** Stock gains 137% YTD; set for biggest yearly gain since listing in 2018

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Amber Enterprises India AMBE.NS fall 6.5% to 6,054 rupees

** Goldman Sachs cuts AC maker to 'neutral' from 'buy' on limited scope of positive surprises after recent outperformance

** AMBE up ~93% YTD vs 22% gain in broader Nifty Smallcap 100 index .NIFSMCP100

** GS, however, raises TP to 6,300 rupees from 4,550 rupees

** That above 4% above current price but below analysts' median PT of 6,675 rupees, per LSEG data.

** Analysts avg rating is the equivalent of "buy" - LSEG data

(Reporting by Vijay Malkar and Hritam Mukherjee in Bengaluru)

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** Shares of electronics makers Amber Enterprises AMBE.NS and Dixon Technologies DIXO.NS rise 7% and 2%, respectively

** AMBE gained as much as 8.3% to a record high of 6,679.5 rupees

** Apple AAPL.O in talks with over 40 Indian firms, including AMBE and DIXO, for component supply chain as China allies step back, Moneycontrol reported citing sources

** AAPL bullish on Indian partners as its Chinese component suppliers have been reluctant to invest in India due to ongoing tax and legal challenges Chinese smartphone co's are facing - report

** Amber and Dixon did not immediately respond to Reuters request for comment

** The iPhone maker has also roped in major tech co's including HCLTech HCLT.NS, Wipro WIPR.NS, and Motherson Group SAMD.NS, the report added

** AMBE and DIXO have both surged over two-fold so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Amber Enterprises India AMBE.NS jumps as much as 19.3% to record high of 6,788.30 rupees

** The consumer durables maker reported Q2 consolidated net profit of 192.5 mln rupees ($2.29 mln) vs consolidated net loss of 69.5 mln rupees in the year ago period

** Revenue more than doubled to 16.85 bln rupees

** Overall 2.8 mln shares changed hands, 3.6X 30-day average

** Stock up ~33% in October so far, 104% higher YTD

($1 = 84.0530 Indian rupees)

(Reporting by Vijay Malkar)

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Oct 22 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• APPROVES SCHEME OF AMALGAMATION OF AMBERPR TECHNOPLAST INDIA WITH CO

Source text for Eikon: ID:nBSE2lgrLT

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** Shares of Amber Enterprises India AMBE.NS rise as much as 20% to record high of 6,484.25 rupees

** Shares of co hit upper limit of exchange-allowed trading band

** 43,006 shares traded in 4 block deals at a premium in the range of 9.6% to 12.5% - LSEG data

** Highest trading volume in over 49-months of 4.06 mln shares, 7.5X 30-day average

** Relative strength index (RSI) rises to 77.1, suggesting stock might be overbought - LSEG data

** AMBE up ~98% YTD vs ~20% gains in Nifty 500 Index .NIFTY500

(Reporting by Vijay Malkar)

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** Shares of Amber Enterprises IndiaAMBE.NS jump as much as 9.7% to hit a record high of 5665.95 rupees

** Amber Group, which operates in the heating, ventilation, and air conditioning (HVAC) industry, signed JV agreement with Korea Circuit 007810.KS

** JV will manufacture printed circuit boards (PCBs) in India

** Nearly 1.5 mln shares traded, 3x their 30-day avg

** AMBE up around 75% YTD, eyes best year since 2020

(Reporting by Nishit Navin in Bengaluru)

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** Amber Enterprises AMBE.NS shares jump 9% to 4742 rupees, the sharpest rise in over a year

** Jefferies expects consumer durables maker's return on capital employed (ROCE) to rise to ~20% by FY26 from ~10% in FY24

** Brokerage maintains 'buy' rating on co, with PT of 5,200 rupees

** Amber Enterprises AMBE.NS expects air conditioner (AC) industry vol growth to reach 30 mln-35 mln units by 2030, implying +17% CAGR over the next 7 years, Jefferies said

** Domestic AC industry benefited from strong Q1 summer, likely to drive 30% volumes in FY25 - Jefferies

** In electronics business, imposition of Anti-Dumping Duty on Printed Circuit Boards enabled AMBE to induct new customers - Jefferies

(Reporting by Aleef Jahan in Bengaluru)

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** Jefferies reduces weight on Reliance Industries RELI.NS, Amber Enterprises AMBE.NS and replaces Larsen & Toubro LART.NS with Siemens SIEM.NS in its India model portfolio

** Adds Emcure Pharma EMCU.NS and Interglobe Aviation INGL.NS in India portfolio, increases weight on HDFC Bank

** Jefferies says it has a near-term cautious view on markets, small- and mid-caps, industrials and global cyclicals

** Brokerage is "overweight" on telecom, autos, consumer staples and utilities, while remaining "neutral" on industrial and "underweight" on energy

** Says changes done to reflect green shoots on consumption

** Jefferies says combined domestic inflows, through mutual funds, direct participation, insurance and pension funds are at "unsustainably high" $7.5 billion per month between January and August

** "An estimated quarter of financial savings going to stock market, which makes us uncomfortable on near-term equity outlook and specifically small and mid-caps and industrials"

** India's Nifty .NSEI and Sensex .BSESN, among the best performing global markets in 2024, hit a record high on the day, up 17% and 15%, respectively, this year

** Small- .NIFSMCP100 and mid-caps .NIFMDCP100 have outperformed the benchmarks, rising 29% and 30.5% over the same period

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** India's small- and mid-cap firms in Jefferies' coverage universe post 36% EPS growth in June-qtr, with over 50% beating expectations

** Says top performers were electronics makers like Kaynes KAYN.NS, Amber Enterprises AMBE.NS and Dixon DIXO.NS

** Second-best were summer beneficiaries Voltas VOLT.NS, Blue Star BLUS.NS, Whirlpool of India WHIR.NS, Crompton Greaves CROP.NS, Havells HVEL.NS and V Guard VGUA.NS

** Third-best were capex and housing-linked firms like Polycab POLC.NS, Supreme Industries SUPI.NS, Pidilite PIDI.NS

** Says its top picks are V Guard, Supreme Industries, Amber Industries

** Has "buy" ratings on Voltas, Blue Star and Finolex Cables FNXC.NS

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))