Buy Amber Enterprises India, target price Rs 5150: HDFC Securities

HDFC Securities has buy call on Amber Enterprises India Ltd. with a target price of Rs 5150. The current market price of Amber Enterprises India Ltd. is Rs 4192.3.

Amber Enterprises India Ltd. key Products/Revenue Segments include Air Conditioners, Scrap, Job Work, Other Operating Revenue for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2421.97 Crore, down -14.22 % from last quarter Total Income of Rs 2823.50 Crore and up 40.71 % from last year same quarter Total Income of Rs 1721.30 Crore. Company reported net profit after tax of Rs 80.31 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 39.87 per cent stake in the company as of 30-Jun-2024, while FIIs owned 28.42 per cent, DIIs 15.72 per cent.