#AngelOne Recommendation Company: Amber Enterprises India Rat | Angel One

#AngelOne Recommendation

Company: Amber Enterprises India
Rating: Buy
Target price: 3,850

Rationale to invest:
Amber Enterprises India Ltd. (Amber) is the market leader in the room air conditioners (RAC) outsourced manufacturing space in India. In the past 2-3 years, Amber has acquired companies like IL JIN Electronics, and Sidwal Refrigeration Industries, which would help in backward integration and also aid the company to diversify into different segments.