Jefferies Raises Amber Enterprises Target to ₹9,120 on Strong Catalysts

• Jefferies maintained its 'buy' rating on Amber Enterprises, raising the price target to ₹9,120 from ₹8,890.
• The new target indicates an upside potential of 24.6% from its previous close.
• Multiple catalysts include the onset of summer, electronics business growth, ramp-up of acquisitions, and two new data center customers.
• RAC industry volume is estimated to grow in mid-teens; Amber aims to double mobility sales in the next three years.
• Jefferies expects Amber Enterprises' EPS to grow at a 48% CAGR over financial year 2025-2028.