Amber Enterprises has more than doubled investors’ wealth in the last year compared to the 46 percent run of Nifty50. On a year-to-date basis as well, the stock’s 28 percent run-up beat Nifty50’s 13 percent gain.
Since hitting a 52-week high in March 2021, the stock entered a consolidation phase. However, technical charts suggest that the stock is now ready to resume the second leg of the rally. Long-term investors can hold onto positions and look for an upside of over 20 percent from current levels, suggest experts.