Amber Enterprises India Stock Research

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Amber Enterprises India Detail

Amber Enterprises India is in portfolio of Akash Bhansali. He is one of the top investors in India. The company belongs to Air Condition sector.

As per the Company website it is a prominent solution provider for Air conditioner OEM/ODM Industry in India. It manufactures components like heat exchangers, sheet metal components, injection molding components, and system tubing and motors. It deals with AC components and non AC components.

Below is the product portfolio of the Company

  • RAC
    • Design and manufacture complete RAC including Window Air Conditioner
    • Indoor and Outdoor units of Split Air Conditioner
    • Design and manufacture Inverter RAC
  • RAC Components
    • Heat Exchangers, Motor and Multi flow conditioner, Sheet Metal components, Copper tubing including plastic extrusion, Vacuum forming and Injection molding processes.
  • Non AC Components
    • Case liners for refrigerators, Plastic extrusion sheet, Sheet metal components for Microwave, Washing machine, Extrusion components for Automobile.
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It has seven manufacturing unit in India in which 6 are located in states of Haryana and Uttar Pradesh and one in Maharastra. The clientele of the Company includes Blue Star, Carrier, Mahindra etc.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Amber Enterprises India Stock Performance

This is newly listed stock on exchanges.The stock got listed in year 2018 at listing price of 1,200 INR. The stock after listing has not performed and gradually declined over the years.

As of now the stock is trading at 800 levels that is 400 INR less from the listing price. So IPO investors have not made any money in this counter in past one year. But this short term price performance should not be used to make a decision about this Stock.

Amber Enterprises India My Opinion

Amber Enterprises India is a Air Condition Company. It manufactures components for Air Condition and also Automobile industry.

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Air Conditioning is a growing sector in India. Due to climatic condition and social view of Air Condition being status symbol along with comfort instrument it will continue to grow at good rate in future as well.

This is main business of the Company. Major clients include Air Conditioning companies. Along with this business it also manufactures components which is used by Automobile industry as well.

Both the sectors are poised for growth in India and there are not too many compoanies catering Air Conditioning companies. I would like to track this Company to get more details about it. I have already invested in Air Conditioning company and do not wish to increase my exposure. But I will track this one to get more idea about it.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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