Amber Enterprises shares jump 3% after manufacturing partnership with Oppo India

Shares of Amber Enterprises India surged as much as 3.17% on Friday, touching an intraday high of Rs 8,218, after the company announced a strategic manufacturing collaboration with Oppo Mobiles India Pvt. Ltd., marking a significant step in its expansion into the electronics manufacturing space.

Amber Group to Manufacture Smartphones for Oppo, OnePlus and Realme

In a regulatory filing, Amber Enterprises said it has entered into a manufacturing collaboration agreement with Oppo India, a licensed manufacturer of smartphones for leading brands including OPPO, OnePlus, and Realme in the Indian market.

Under the partnership, Amber Group will manufacture mobile phones for these brands, leveraging its manufacturing scale, operational expertise, local supply-chain strengths, and capabilities to enhance domestic value addition. The collaboration combines the brands’ global product expertise with Amber’s growing manufacturing ecosystem in India.

The agreement highlights Oppo India’s confidence in Amber’s ability to deliver quality, reliability, and large-scale production capabilities. For Amber, the deal represents a major milestone in strengthening its position within India’s fast-growing electronics manufacturing sector and broadening its long-term growth opportunities.

Commenting on the development, Jasbir Singh, Executive Chairman & CEO of Amber Enterprises India Ltd, said:

“We are excited for this manufacturing collaboration with OPPO India. This partnership underscores our manufacturing capabilities and our ability to support globally recognized brands with quality, reliability, value addition and scale.”

The companies expect the collaboration to generate operational synergies and further reinforce Amber’s credentials as a preferred B2B manufacturing partner. Both firms will work together to ensure a phased ramp-up of production while exploring additional avenues for future cooperation.

Ernst & Young (EY) acted as the exclusive financial advisor for the transaction, while AZB & Partners and Aekom Legal served as legal advisors.

Stock Performance

Investor sentiment remained upbeat following the announcement. Amber Enterprises shares have rallied nearly 10% over the past week, extending their strong long-term performance. Over the last three years, the stock has delivered an impressive return of approximately 275%, rewarding long-term investors handsomely.The company currently commands a market capitalization of around Rs 28,031 crore, while its 52-week high stands at Rs 8,974.

Valuation and Technical Outlook

On the valuation front, Amber Enterprises trades at a price-to-earnings (P/E) ratio of 155.78 and a price-to-book (P/B) ratio of 4.77, reflecting premium market expectations for future growth.

From a technical perspective, the stock continues to exhibit strength. According to Trendlyne data, its 14-day Relative Strength Index (RSI) stands at 57, indicating neutral momentum, with RSI levels below 30 considered oversold and above 70 viewed as overbought.

Further supporting the bullish trend, the stock is currently trading above all 8 of its key simple moving averages (SMAs), signaling sustained positive momentum and strong underlying market sentiment.

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