HDFC Asset Management Company Ltd Share Price (HDFCAMC)

HDFC AMC Launches Manufacturing Fund - 23 Apr, 2024

HDFC Asset Management Company has launched an open-ended equity scheme, HDFC Manufacturing Fund, which will invest in companies engaged in manufacturing activities. The new fund offer (NFO) for the scheme will start on April 26 and conclude on May 10.

HDFC Asset Management Reports Strong Q4 Results and Positive Analyst Recommendations - 22 Apr, 2024

HDFC Asset Management Company Ltd reported strong Q4 results with consolidated net profit jumping 43.77% YoY to Rs 540.84 crore. Brokerages have raised the target price for the stock, while analysts predict a 16% improvement in revenue compared to last year. Prabhudas Lilladher recommends buying the stock with a target price of Rs 4100.

HDFC Asset Management Reports Strong Q4 Results - 21 Apr, 2024

HDFC Asset Management Company's Q4 FY24 results show significant YoY growth in revenue and profit. Analysts recommend buying the stock.

HDFC AMC Reports Strong Q4 Results and Dividend Recommendation - 19 Apr, 2024

HDFC Asset Management Company Ltd reported a consolidated net profit of Rs 540.84 crore for Q4 FY2023, up 43.77% YoY, with the board recommending a dividend of Rs 70 per equity share. The company's QAAUM reached Rs 6.12 lakh crore in the quarter.

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.