Amber Enterprises trades under pressure as ICICI Prudential Life offloads 1.83 lakh shares

13 Oct 2022 , 10:03 AM

Amber Enterprises India’s counter dipped nearly 1% in Thursday’s early morning session as NSE Bulk deal data on October 12, 2022, reflected that ICICI Prudential Life Insurance sold 1.83 lakh shares or 0.54% stake of the company.

The shares were sold at an average price of Rs2,284.54, as per the data from NSE.

This was at a nominal premium over the previous day’s NSE closing price of Rs 2,277.10 per share.

As of the quarter ended June, ICICI Prudential held a 3.2% stake in the contract manufacturer.

At around 9.59 AM, Amber Enterprises was trading 1.04% lower at Rs2,325, against the previous close of Rs2,349.55 on NSE. The counter opened at Rs2,340 and touched an intraday high and low of Rs2,340.95 and Rs2,307.05 respectively.

Amber Enterprises, with a market capitalization of Rs7,916 crore, is a small-cap stock. Air conditioners, microwave ovens, freezers, washing machines, heat exchangers, multi-flow condensers, luminaries, vacuum forming components, and other products are a wide range of products offered by the company.

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