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Should investors cash out of the HDFC Asset Management Company stock after its stupendous listing was a question in most investor forums. While Monday’s 65 per cent gain on its market debut could have prompted many to opt out, a large section of analysts believe otherwise.
“Book-profit was the call many had on Avendus Supermarket (D-Mart’s parent company) soon after its listing. However, it has had a terrific climb since then. Investors could be repeating the mistake with HDFC AMC,” warns a senior analyst with a foreign brokerage.
While the broader markets have also risen in the past 16 months,
