Amber Enterprises shares soar nearly 9% to record high amid demerger, IPO buzz

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Shares of Amber Enterprises surged 8.6% to reach their all-time high of Rs 7,482 on the BSE today following reports that the company is considering demerging its electronics division.

According to reports by CNBC TV-18, Amber Enterprises will be demerging its electronics division, following which, it may float an IPO for the demerged unit.


Bankers for the demerger and IPO of the electronics division have been appointed, the channel further reported.

For the second quarter ended September 2024, Amber Enterprises’ electronics division reported a robust growth of 98% against the previous year, while the company’s operating EBITDA in Q2FY25 grew by 85% YoY, reflective of their blend of strategy for RAC and the components complimented with the growth in the electronic division.


For the period ending September 30, 2024, the company recorded a profit after tax (PAT) of Rs 21 crore against a net loss of Rs 6 crore, posted in the corresponding period of the previous financial year.

Meanwhile, the company’s revenues surged 82% YoY to Rs 1,685 crore in Q2FY25.Also read: Stock market holidays 2025: BSE, NSE release holiday calendar. Check full list

On charts, the shares of Amber Enterprises are currently placed above all its short, medium, and long-term exponential moving averages (10, 20, 50, 100, and 200 DEMA) and is oscillating near the 74 mark on the RSI, according to the Trendlyne data.

A level above 70 on the RSI is generally considered as an overbought territory for a stock.

Around 11:50 am, the shares of Amber Enterprises were trading 8.6% higher at Rs 7,446.55 on the BSE.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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