Amber Enterprises share price: Sharekhan retains Buy rating with a revised price target of Rs 3716
Amber Enterprises is one of the key beneficiaries of the import ban on air-conditioners (ACs) with refrigerants helping the company gaining new customers (signed six customers since the announcement) with further scope for additions. Secondly, the government’s likely plan to expand production-linked incentive (PLI) schemes for ACs and components, with Rs 5000 cr worth of incentives bodes well for Amber Enterprises, though the details are still awaited.
Amber Enterprises is well-placed to benefit from growing opportunities. It is a market leader in the RAC OEM/ODM industry with a market share of 71% and a 24% share in the overall RAC market: Image taken from amberindia.com