Archive · 15 Dec 2025
Amber Enterprises remains top pick
Amber Enterprises is a company that makes electronic products.
Two financial companies, Nuvama and Motilal Oswal, think Amber is a good company to invest in.
They both say 'Buy' but have different ideas about how much the stock will be worth in the future.
Nuvama thinks it will be worth Rs 9,100, while Motilal Oswal thinks it will be worth Rs 8,000.
Amber makes things like air conditioners and parts for trains and metros.
They are getting bigger by making their own products better and buying other companies.
Even though some things might make it harder for them to make money right now, both companies think Amber will do well in the long run.
Amber wants to make $1 billion in money by FY29 and keep their profits strong.
Amber Enterprises is a top pick for both Nuvama and Motilal Oswal with 'Buy' ratings.
Nuvama set a target price of Rs 9,100 for December 2026, while Motilal Oswal revised its target to Rs 8,000.
Amber's stock is down 11% in 2025 so far.
Amber aims for $1 billion revenue by FY29 with operating Ebitda margins of 11–13%.
Motilal Oswal expects a revenue CAGR of 38% over FY25-28, driven by expansion into higher-margin segments.
- Who
- Amber Enterprises India Ltd, Nuvama Institutional Equities, Motilal Oswal
- What
- Amber Enterprises remains a top pick for both Nuvama and Motilal Oswal with 'Buy' ratings and varying target prices
- When
- Nuvama reiterated its 'Buy' rating on Monday; Motilal Oswal's report is recent but exact date not specified
- Where
- India
- Why
- Strong execution, sector-leading scale in electronics, and improving visibility across business verticals
Nuvama
Motilal Oswal
Target Price
Nuvama
Rs 9,100 (December 2026)
Motilal Oswal
Rs 8,000 (revised)
Margin Expectations
Nuvama
Not mentioned
Motilal Oswal
Lowered margin expectations, reduced estimates by 9% for FY27, and 5% for FY28
Revenue Growth
Nuvama
40-45% (FY26)
Motilal Oswal
38% CAGR over FY25-28
- Company
- Amber Enterprises India Ltd
- Brokerage 1
- Nuvama Institutional Equities
- Brokerage 2
- Motilal Oswal
- Rating
- Buy (both brokerages)
- Target Price (Nuvama)
- Rs 9,100 (December 2026)
- Target Price (Motilal Oswal)
- Rs 8,000 (revised)
- Stock Performance (2025)
- Down 11%
- Expected Revenue (FY29)
- $1 billion
- Expected Operating Ebitda Margins (Long-term)
- 11-13%
- Revenue CAGR (Motilal Oswal)
- 38% over FY25-28
Sources
Amber Enterprises is Nuvama's top EMS stock pick; here's why
Amber Enterprises share price extends gains to second session, gains 3% on strong growth outlook
3 ‘Buy’ recommendations by Motilal, with up to 27% upside potential
