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Amber Enterprises soars 8%, hits record high on hopes of strong AC volumes

Amber Enterprises is a market leader in domestic room air conditioner (RAC) industry and air conditioning industry for mobility applications such as railways, metros, buses etc.

Earth temperature, ACs, high temeperature, summers, hotter summers, Voltas, Blue Star, Johnson Controls-Hitachi, Lloyds, Symphony, Crompton Greaves Consumer Electricals, HSBC Global Research, heat in June, Blue Star and Hitachi, Crompton Greaves Cons
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SI Reporter Mumbai
Shares of Amber Enterprises hit a record high of Rs 4,023.65, surging 8 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market on expectation of strong room air conditioner (AC) volumes with the onset of summer and heat waves across various parts of the country.

The stock of AC maker surpassed its previous high of Rs 3,932 touched on February 3, 2022. At 01:24 PM, the stock traded 7 per cent higher as compared to 0.41 per cent decline in the S&P BSE Sensex.

Amber Enterprises is a market leader in domestic room