"Increased industry demand, addition of new customers and the company’s deeper penetration in existing customers across components, and stock keeping units or SKU’s has led to a volume growth of 75 per cent YoY for the first nine months (April-December) of FY20," the management said in a statement.
Ambar Enterprises is a market leader in the room air conditioner (RAC) industry and air conditioning industry for mobile application such as railways, metros, buses etc.
The stock was trading at its highest level since listing on January 30, 2018. In the month of January, it has zoomed 47 per cent from a level of Rs 1,117, as against a 0.42 per cent decline in the S&P BSE Sensex.
At 09:38 am, the stock was up 6 per cent at Rs 1,587 on the BSE, as against a 0.42 per cent rise in the benchmark index. A combined 82,592 shares have changed hands on the NSE and BSE so far.