shares remained in focus on Friday after the company announced a manufacturing collaboration with Oppo Mobiles India Private Limited to manufacture mobile phones in India.
The stock opened nearly 3 per cent higher at ₹8,218 compared with its previous close of ₹7,965.50. However, it later erased gains amid broader market weakness and was trading at ₹7,887 at the time of writing.
Amber Group entered into a manufacturing collaboration agreement with Oppo India, a licensed manufacturer of mobile phones for the Oppo, OnePlus and Realme brands in India.
Under the partnership, Amber Group will manufacture mobile phones for the three brands.
Commenting on the development, Jasbir Singh, Executive Chairman and CEO of Amber Enterprises India, said the collaboration highlights the company’s manufacturing capabilities and its ability to support globally recognised brands with quality, reliability, value addition and scale.