Amber Enterprises’ stock price rose 4% after Jefferies maintained a “Buy” rating and a target price of ₹8,840. Jefferies released an upbeat forecast for the Electronics Manufacturing Services (EMS) sector. The firm highlighted India’s growing indigenization trend as a key driver for growth in 2025.
Amber Enterprises shares opened at 7,700.00, reaching a high of 7,900.00 and a low of 7,585.55. The stock’s 52-week high stands at 7,977.00, while its 52-week low is 2,992.50.
Jefferies remains positive on the EMS industry, with a particular focus on backward integration and component manufacturing, which they believe will outshine prescriptive OEMs. Amber Enterprises is Jefferies’ top Small and Mid-Cap (SMID) pick, maintaining a “Buy” rating and a target price of ₹8,840.
Other stocks in the sector received mixed reviews:
- Dixon Technologies: “Underweight” with a target price of ₹12,600.
- Kaynes Technology: “Hold” with a target price of ₹6,950.
- SYRMA SGS: “Buy” with a target price of ₹7,300.
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