UBS has reiterated its Neutral rating on Amber Enterprises, increasing the target price from ₹4,700 to ₹6,600, suggesting a potential upside of 6% from the current market price of ₹6,210.10. Key insights from UBS include:
- Preference Over Peers: UBS prefers Amber over Dixon due to its traction in the air conditioning (AC) and electronics segments, viewing it as a more comprehensive play in the sector.
- Strength in AC and Electronics: Amber’s strong AC business and its expansion into broader electronics segments position it well for continued growth.
- Diversified Electronics Assembly: Amber’s electronics assembly is diversified across both consumer and industrial segments, enhancing its resilience and growth potential.
- PCB Expansion: Amber’s subsidiary, Ascent Circuits, is expanding its printed circuit board (PCB) capacity, utilizing advanced technology in partnership with Korea Circuit, further strengthening its electronics capabilities.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should perform their due diligence before making investment decisions.
