Shares of Amber Enterprises India Limited jumped 3.2% at opening on June 19,2026,hitting Rs 8,218 peak on National Stock Exchange (NSE). This came after news of a manufacturing deal with Oppo Mobiles India,Amber's big step into large-scale mobile phone production.
Amber,known for air conditioning units and components,will now make smartphones for OPPO,OnePlus,Realme. Deal taps Amber's local production muscle,while Oppo brings global tech and product know-how.
Jasbir Singh,Executive Chairman and CEO,called it major collaboration,saying it "shows off our manufacturing prowess,our ability to support top brands with quality,reliability,value and scale." Both firms aim to ramp up production,eye more joint ventures down road.
This move marks big expansion for Amber,beyond its usual markets and into wider electronics sector in India. But financials tell mixed story . In Q4 fiscal 2026,Amber reported 10.5% rise in revenue to Rs 4,147.52 crore. Yet,net profit plunged 26.8% to Rs 85 crore .
Though stocks surged early,by 10:39 am,Amber's stock dropped to Rs 7,837.50,down 1.61% from Rs 7,965.50 previous close. Still,stock's up 21.50% year-to-date,9.90% past month,showing resilience in choppy market.
Partnership with Oppo part of Amber's bigger plan to diversify and boost revenue. As India's mobile manufacturing scene shifts,Amber's move here could be key . Or just another bet in crowded space…
