Business Standard

Strong growth prospects seen in Dixon Technologies, Amber Enterprises

Two stocks are up 14-21% in the last month; Amber has more upside given the target prices

PLI, Product-linked scheme, electronics, manufactuing, consumer durables, air conditioners, white goods, led lights

Devangshu Datta

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The advent of summer has led to a focus on air conditioners, as well as other white goods, and consumer electronics components. Contract manufacturers in this space have received the most attention. Two companies -- Dixon Technologies and Amber Enterprises -- have been recommended by various analysts in the recent past. Both have seen strong price gains recently. 

Amber Enterprises (AEL) reported standalone revenue growth of 55 per cent year-on-year (YoY) in the fourth quarter of the 2022-23 financial year (Q4FY23), beating Street expectations. Consolidated revenues rose 65 per cent YoY. The Q4 saw consolidated Ebitda (earnings before interest, tax,

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First Published: May 24 2023 | 9:29 PM IST

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