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Amber Enterprises shares hit 52-week high, climb 9%
2 min read | Updated on December 24, 2024, 16:54 IST
SUMMARY
Amber Enterprises was trading at a 52-week high of ₹7,498.70 after it was reported that the company might head for a demerger of its electronics business.
Stock list
The company had a total market cap of ₹24,735.13 crore as of December 24, as per the NSE.
As per the report, the electronics vertical comprised 20% of Amber Enterprises’ total revenue.
Amber’s electronics division includes the production of goods such as Bluetooth speakers, split AC IDU inverter control boxes, BLDC washing machines, telecom radio remote head units, smartwatches and more.
Amber Enterprises past performance
The stock closed in the green at ₹7,262, up by 5.13 % on the NSE.
The share rose 22.24% over the past five days and surged 11.13% over the past month.
The scrip climbed 76.74% over six months and lept an astounding 131.28% year-to-date.
The company had a total market cap of ₹24,735.13 crore as of December 24, as per the NSE.
About Amber Enterprises
Incorporated in 1956, Amber delivers solutions for the Original Equipment Manufacturer/Original Design Manufacturer (OEM/ODM) segment of the air conditioning market.
It has a 23.6% share in the air conditioning market.
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