Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Kaynes Technology offers design-led electronics manufacturing to original equipment manufacturers. Among the listed space, Kaynes Technology competes with Dixon Technologies India, Syrma SGS Technology, and Amber Enterprises India.

Kaynes Tech Rs 858-cr IPO opens on Nov 10

Kaynes Technology competes with Dixon Technologies India, Syrma SGS Technology and Amber Enterprises India. It had an order book of Rs 2,266.26 crore, as of June 30

Kaynes Technology IPO to open on November 10: Price band, listed peers & more

Credit Suisse has maintained an outperform rating for Amber Enterprises and has cut the target price at Rs 3,100 per share. The brokerage stated that several factors pulled down reported numbers in Q2, which was a seasonally weak quarter, and margins' impact continues. However, long-term tailwinds remain intact as the company offers good exposure to durables demand. Earnings have been estimated downwards at 21/13/14 percent for FY23/24/25E. Stock is down 50 percent from May highs. Valuations stand at P/E at 24 times for FY24. As per Bloomberg data- 67% of the total 24 analysts tracking the stock have a buy rating.   
#ETNow #LatestNews #CreditSuisse
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3

Subscribe Now To Our Network Channels :-
Times Now  : http://goo.gl/U9ibPb
The NewsHour Debate : http://goo.gl/LfNgFF

To Stay Updated Download the Times Now App :-
Android Google Play :  https://goo.gl/zJhWjC
Apple App Store :  https://goo.gl/d7QBQZ

Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
Website - www.etnownews.com

Credit Suisse On Amber Enterprises | Latest News | ET Now

In Q2FY23, Amber reported a net loss of Rs 2.3 crore as against profit of Rs 8 crore in the year ago period, dragged by fall in EBITDA margin and higher interest costs.

Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss

ICICI Direct recommended hold rating on Amber Enterprises with a target price of Rs 2395 in its research report dated October 23, 2022.

Hold Amber Enterprises; target of Rs 2395: ICICI Direct

Amber Enterprises India reports consolidated net loss of Rs 2.98 crore in the September 2022 quarter

Amber Enterprises India reports standalone net loss of Rs 23.64 crore in the September 2022 quarter

Amber Enterprises India Ltd notched up volume of 1.65 lakh shares by 10:46 IST on BSE, a 11.28 fold spurt over two-week average daily volume of 14596 shares

Volumes spurt at Amber Enterprises India Ltd counter

The shares were sold at an average price of Rs2,284.54, as per the data from NSE.

Amber Enterprises trades under pressure as ICICI Prudential Life offloads 1.83 lakh shares

As of the quarter ended June, it held 3.2% stake in Amber Enterprises

ICICI Prudential Life offloads stake in this consumer discretionary stock

Amber Enterprises - Gaining Ground In Components: Dolat Capital

Amber Enterprises India Limited is an India-based original equipment manufacturer. The Company is engaged in the business of manufacturing a range of products, including air conditioners, electronics and refrigeration solutions to railways, microwave ovens, washing machines, refrigerators, heat exchangers, sheet metal components, heating, ventilation and air conditioning (HVAC) products and services for mobility applications. It designs and manufactures a range of racs, including window air conditioners (WACS) and indoor units (IDUS) and outdoor units (ODUS) of split air conditioners (SACS) with specifications ranging from 0.75 ton to 2 tons, across energy ratings. It also manufactures components other durables and automobiles, such as case liners for refrigerator, plastic extrusion sheets, sheet metal components for microwave, washing machine tub assemblies with other sheet metal and plastic injection molding and extrusion components for automobiles and metal ceiling industries.

Amber Enterprises India Ltd

Amber Enterprises India Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Kaynes Tech Rs 858-cr IPO opens on Nov 10

Kaynes Technology IPO to open on November 10: Price band, listed peers & more

News Video

Credit Suisse On Amber Enterprises | Latest News | ET Now

Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss

Hold Amber Enterprises; target of Rs 2395: ICICI Direct

Amber Enterprises India reports consolidated net loss of Rs 2.98 crore in the September 2022 quarter

Amber Enterprises India reports standalone net loss of Rs 23.64 crore in the September 2022 quarter

Amber Enterprises India Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Kaynes Tech Rs 858-cr IPO opens on Nov 10

Kaynes Technology IPO to open on November 10: Price band, listed peers & more

News Video

Credit Suisse On Amber Enterprises | Latest News | ET Now

Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss

Hold Amber Enterprises; target of Rs 2395: ICICI Direct

Amber Enterprises India reports consolidated net loss of Rs 2.98 crore in the September 2022 quarter

Amber Enterprises India reports standalone net loss of Rs 23.64 crore in the September 2022 quarter

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock