HDFC Asset Management Company Ltd

(HDFCAMC)

HDFC AMC Sees Strong Revenue and Profit Growth - 02 Nov, 2024

HDFC Asset Management Company reported a significant 38% year-on-year increase in revenue and a 32.1% rise in net profit for the September 2024 quarter, driven by strong growth in equity assets under management.

HDFC AMC Shows Bullish Trend with Technical Breakout - 29 Oct, 2024

HDFC Asset Management Company recently broke key resistance levels, supported by high trading volumes. A minor correction offers a buying opportunity, with a bullish trend indicated by higher highs and lows, and RSI above 50.

HDFC AMC Highlights PSU Rally and Investment Beliefs - 24 Oct, 2024

Navneet Munot, MD & CEO of HDFC AMC, noted that the recent PSU rally was influenced by market narratives beyond fundamentals. He reaffirmed HDFC AMC's long-term belief in select PSUs, resulting in significant gains.

HDFC AMC Expands Investor Base and Joins ONDC - 22 Oct, 2024

HDFC AMC reported a 120% growth in AUM and joined ONDC to enhance mutual fund access, aiming for financial inclusion and wealth creation across India.

HDFC Asset Management Co Target Raised Amid Growth - 18 Oct, 2024

HDFC Asset Management Co reported strong Q2FY25 results with a 38% YoY revenue increase. Target price raised to Rs 5,388, but rating downgraded to ACCUMULATE from BUY due to share price appreciation.

HDFC AMC Reports Strong Q2 Performance and Growth - 17 Oct, 2024

HDFC Asset Management Company reported a 38% revenue growth and a 32% profit increase in Q2FY25. Its market share in active equity rose to 12.9%. Prabhudas Lilladher maintains a BUY rating with a target price of Rs 5,360, indicating a 17.7% upside.

HDFC AMC Reports Strong Q2 Earnings and Upgrades - 16 Oct, 2024

HDFC Asset Management Company reported a 32% YoY profit increase in Q2 FY25, leading to a stock upgrade by CLSA. Shares rose significantly, crossing a Rs 1 trillion market cap, driven by strong operational performance and equity AUM growth.

HDFC AMC Reports Strong Q2 Results, Hits Record High - 15 Oct, 2024

HDFC Asset Management Company reported a robust Q2 FY25 with a 32% increase in profit, reaching ₹577 crore. The stock hit a record high, gaining 11% over six days, and is approaching a ₹1 trillion market cap.

HDFC AMC Q2 Preview Shows Strong Growth Expectations - 14 Oct, 2024

HDFC AMC is expected to report a 12% YoY increase in AUM and a 33% rise in profit after tax for Q2. Revenue is projected to climb 34.5% YoY, with operating margins expanding significantly. Shares rose 0.73% ahead of the results.

HDFC Asset Management Sees Leadership Change and Stock Surge - 10 Oct, 2024

HDFC Asset Management Company Ltd announced the resignation of Mr. Mitul Patel, effective October 10, 2024. The stock rose 1.24% on the same day, reflecting strong performance with a significant increase in trading volume.

Nomura Initiates Buy Rating for HDFC AMC - 09 Oct, 2024

Nomura has initiated coverage on HDFC AMC, issuing a buy rating with a target price of Rs 5,000, reflecting a 21% upside potential. The company is well-positioned in India's asset management industry, benefiting from strong profitability and a leading retail AUM market share of 13.3%. Following its merger, HDFC AMC is expected to capture additional market share, projecting a 19% CAGR for AUM and core earnings through FY24-28.