HDFC Asset Management Company Ltd Share Price (HDFCAMC)

HDFC AMC Reports Strong Q4 Results - 19 Apr, 2024

HDFC Asset Management Company Ltd reported a strong Q4 with a 43.8% YoY increase in net profit and a 28.5% YoY increase in revenue. The board recommended a dividend of Rs 70 per share. Overall AUM grew by 10.2% as of February 2024 compared to December 2023.

HDFC AMC Sees Increase in Market Share, Buy Recommendation from SBI Securities - 18 Apr, 2024

HDFC Asset Management Company Ltd sees an increase in its active equity market share and unique individual investors' market share. SBI Securities recommends buying HDFCAMC 3800 April CE due to a downward sloping trendline breakout.

JP Morgan Upgrades HDFC AMC, Shares Rally - 16 Apr, 2024

JP Morgan has upgraded HDFC Asset Management Company to Overweight and raised the target price to Rs 4,450 from Rs 3,500 earlier, citing improved market share due to better performance. HDFC AMC shares rallied over 2% in morning trade. The board will meet on April 19 to approve financial results and consider a dividend proposal.

Insider Selling at HDFC Asset Management Raises Investor Concerns - 09 Apr, 2024

Over the past year, insiders at HDFC Asset Management Company Limited have sold a significant stake in the company. In the last three months alone, insiders sold ₹200m worth of shares without any purchases recorded. This has raised concerns among investors about the company's future prospects.

HDFC AMC has highest core profit before tax as a percentage of AAUM - 05 Apr, 2024

HDFC Asset Management Company Ltd. has the highest core profit before tax as a percentage of average assets under management (AAUM) at 37 bps for FY24, according to Kotak analysts. However, its valuations are rich with the highest PE multiple of 43 times based on FY24 earnings.

HDFC AMC and Nippon Life India Asset Management Outperform Industry - 28 Mar, 2024

According to Kotak Institutional Equities, HDFC AMC and Nippon Life India Asset Management have outperformed the industry overall. The sector as a whole is trading at a 55-60% premium to broader markets due to strong cash flow generation, high degree of transparency and predictability, and well-aligned incentives.

HDFC Asset Management Downgraded by Kotak Institutional Equities - 27 Mar, 2024

Kotak Institutional Equities has downgraded HDFC Asset Management Company to Reduce from Add rating and slashed its fair value due to fully priced in valuations. However, the overall sector is trading at a premium reflecting strong cash flow generation, transparency, predictability, and well-aligned incentives.