HDFC AMC hits record high, rises 9% in four days

Thus far in the calendar year 2019, the stock has rallied 31 per cent, against an 8.5 per cent gain in the S&P BSE Sensex.

HDFC Asset Management Company (AMC) hit an all-time high of Rs 1,971, up 2 per cent on the BSE, in an otherwise range-bound market.

The stock surpassed its previous high of Rs 1,970 recorded on August 27, 2018. In the past four days, it has outpaced the market by gaining 9 per cent, as compared to a 0.20 per cent rise in the S&P BSE Sensex.

HDFC AMC stock has recouped its entire 7 per cent loss registered on June 18, after the company said it offered exits to investors of some fixed-maturity plans (FMPs) by transferring Rs