Mumbai/IBNS, June 22 -- Shares of Amber Enterprises India Ltd. gained nearly 2 percent on Monday after the company announced a manufacturing collaboration agreement with Oppo Mobiles India, according to media reports.

Stock Gains on Strategic Partnership

Manufacturing for Oppo, OnePlus and Realme

Under the agreement, Amber Enterprises will manufacture mobile phones for Oppo India's entire brand portfolio, including Oppo, OnePlus and Realme.

The collaboration marks a significant expansion of Amber's electronics manufacturing business and is expected to benefit from increasing domestic smartphone production.

Brokerages Remain Positive

Brokerages have largely welcomed the deal, citing the potential advantages of the Production Linked I...