Amber Enterprises Q2 revenue jumps 60% to Rs 2,627 crore

Amber Enterprises revenue rose 60% in Q2 FY27 and the stock tested its falling trendline near 6,980, with support at 5,850. Amber Enterprises India Limited [ AMBER ] surged over 12% intraday on 13 November, the first session after its Q2 FY27 results on 12 November. The stock gapped down at the open, then reversed sharply. Consolidated revenue rose 60% to Rs 2,627 crore, well above the 19% growth analysts expected. The electronics division grew 94%. Operating EBITDA rose 30% to Rs 127 crore, but the company still reported an adjusted loss after tax of Rs 57 crore. The quarter is mixed: revenue beat estimates, while the loss and margins came in weaker than expected. The daily trend is down. Since the May high near Rs 8,970, the chart shows lower highs and a lower low near Rs 5,850. Today’s candle touched the falling trendline close to Rs 6,980 and pulled back to about Rs 6,772. The intraday low near Rs 6,000 held above the 5,850 swing low, an early higher low, on volume of 2.72 million shares. The bearish structure holds until a close above Rs 6,980 and the trendline. A close below Rs 5,850 would resume the downtrend. Stance: cautious below Rs 6,980, with Rs 5,850 as key support. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.