Amber Share Price: Stock crashes nearly 17% intraday after Q4 results; Here's why

Share Price: The stock price of Amber Enterprises India Ltd crashed nearly 17 per cent intraday on Monday (May 18). The share touched its day's low of Rs 7,047.65, which is a decline of over 16.81 per cent from its previous close of Rs 8,471.70, on BSE. At 11:54 AM on Monday, the stock was trading at Rs 7199.40, down 15.02 per cent from its previous closing, on BSE. Management remains confident on growth ahead, backed by a healthy order book in the electronics division but the real story is what’s driving that confidence despite shifting customer demand. Amber Enterprises' topline looks subdued but margins are holding firm and the outlook still stays strong.