Amber Enterprises Shares Fall Over 10% After Q2 Loss Widens 

Shares of Amber Enterprises India Ltd. declined over 10% on Monday after its net loss widened in the second quarter of fiscal 2024.

Shares of the company fell as much as 10.39%, the lowest level since Aug. 16, before paring loss to trade 6.44% lower at 11:25 a.m., compared to a 0.38% decline in the NSE Nifty 50.

The stock has risen 50.16% on a year-to-date basis. Total traded volume so far in the day stood at 9.2 times its 30-day average. The relative strength index was at 43.6.

Of the 25 analysts tracking the company, 19 maintain a 'buy' rating, five recommend a 'hold,' and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 1.2%.