Will Amber Enterprises shares rally in the near term after Oppo deal? Here’s what Nuvama, other brokerages say (opens original article in a new tab)

Amber Enterprises' shares may rally due to a manufacturing deal with Oppo India, with some brokerages upgrading their ratings and target prices, while others remain cautious about competition and margins.

• Amber Enterprises entered into a manufacturing collaboration with Oppo India for smartphone production
• Nuvama and PL Capital raised target prices and maintained 'Buy' ratings for Amber's stock
• JM Financial maintained 'Reduce' rating due to competition and margin concerns
• Amber's shares have risen 23% in 2026 and 22% over one year
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