Analysts see opportunities from localisation and backward integration, but warn that intense competition, thin margins and execution risks could weigh on returns
The BSE Consumer Durables index fell more than 3 per cent in intraday today. Among the individual stocks, Amber Enterprises tanked 17 per cent to ₹7,047.65.
Analysts at Axis Direct recommend a buy on Apollo Hospitals, Amber Enterprises and CG Power in their weekly stock picks, for a potential upside up to 19 per cent.
Analyst said that demand and consumption of electricity may further rise due to more intense heatwaves, with more frequent use of air conditioners, air coolers, and other appliances.
Data showed that in FY25, the extended heatwave drove room AC volumes up by 20-25 per cent Y-o-Y to around 12.5 million units, creating a high base that FY26 has struggled to match.
Analysts believe that the EMS industry is a key component of India's broader electronics ecosystem and has shown strong growth in recent years
Higher crude prices are pushing up the cost of petrochemical-based inputs such as plastics, resins, insulation materials, and packaging, while also inflating fuel and logistics expenses
Stocks to Watch today, March 20: HDFC Bank, TCS, NTPC, JSW Cement, and Nestle India are among the top stocks to watch today
JP Morgan expects strong growth across the EMS universe, projecting a 20 per cent revenue CAGR over the next two years (30 per cent excluding Dixon)
Motilal Oswal estimates a 30 per cent compound annual growth rate (CAGR) in aggregate revenue of their EMS coverage companies over FY25-28.
With rising demand for consumer durables and improving penetration, alongside margin expansion, Geojit expects the company's earnings to grow at a 35 per cent CAGR over FY26E-FY28E
Amber Enterprises stock rose as much as 6.7 per cent to ₹7,517 apiece, its highest level since December 4, 2025 on the National Stock Exchange (NSE).
Stocks to watch today on Tuesday, January 20, 2026: Sanghvi Movers, Ola Electric and Amber Enterprises are other key stocks to be tracked today.
Around 11:05 AM, Amber Enterprises share was trading 3.03 per cent higher at ₹6,676.25 per share. By comparison, BSE Sensex was trading flat at 85,757.91 levels.
Stocks to watch on Monday, January 5, 2026: At around 7:10 AM, GIFT Nifty futures were up 79.1 points at 26,534.5, signaling a strong start for the bourses.