look news india
Amber Enterprises, a leading company in the consumer durables sector, is planning to separate its electronics division. According to sources, demerger (splitting) of the company can be done, after which IPO of this division will be brought. This news is creating a stir in the market, and a huge jump has been seen in the company’s stock.
Demerger and IPO plans: What’s known so far?
Information received from sources
- Amber Enterprises may separate its electronics division and list it as a new entity.
- The company has appointed bankers for the plan to launch IPO.
- The electronics division contributed 20% to the company’s total revenue in the financial year 2024 (FY24).
Awaiting the company’s response
However, there is no official response from Amber Enterprises on this news yet. This information has come to light through CNBC-Awaaz.
Electronics Division Earnings and Performance
financial performance
- The electronics division contributed 20% of the company’s total revenue in FY24.
- This figure reached 30% in Q2 FY25.
- Compare:
The electronics division’s revenue almost doubled in Q2 FY25 compared to Q2 FY24.
stock performance
- Amber Enterprises stock almost doubled in FY24.
- Dixon Technologies fared even better, with its stock rising nearly 200%.
Performance of Amber Enterprises in the stock market
today’s stock update
- At 12:40 pm today, shares of Amber Enterprises were trading 7.78% higher at Rs 7445.
- The company’s 52-week high was Rs 7498.70.
- The minimum level has been at Rs 2992.50.
expert opinion
Sudarshan of CNBC-Awaaz informed:
- The electronics division of the company is growing rapidly and its performance is remarkable.
- The plan of D-merger and IPO will not only get the attention of investors but it can also prove to be an attractive opportunity for the shareholders.
Amber Enterprises: A look
Amber Enterprises is a leading company in the field of consumer durables. It is a leader in manufacturing air conditioners and other electronic appliances. The rapidly growing contribution of the company’s electronics division makes it even more attractive for investors.