21 May 2024

Amba Enterprises zooms on receiving purchase order from Havells India, KSB for Motor Stamping

Amba Enterprises is currently trading at Rs. 171.40, up by 17.65 points or 11.48% from its previous closing of Rs. 153.75 on the BSE.

The scrip opened at Rs. 183.70 and has touched a high and low of Rs. 183.70 and Rs. 166.60 respectively. So far 175413 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 183.70 on 21-May-2024 and a 52 week low of Rs. 60.85 on 31-May-2023.

Last one week high and low of the scrip stood at Rs. 183.70 and Rs. 142.25 respectively. The current market cap of the company is Rs. 216.49 crore.

The promoters holding in the company stood at 43.01%, while Non-Institutions held 56.99% in the company.  

Amba Enterprises has received a Purchase order from Havells India and KSB for Motor Stamping. These orders are expected to significantly enhance the company's business capacity, with an estimated 4 to 5 times increase, and contribute to a substantial improvement in turnover and financial position in the coming years. Order placement is on monthly basis and are repetitive in nature. 

Amba Enterprises provides a wide range of products like Silicon Steel Slit Coils, Cut to Size Transformer Laminations, Torroidal Cores, Motor Stamping, and Die Casting Rotors.