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HDFC AMC, UTI AMC: Uptick in SIP flows turn analysts bullish on AMC stocks
AMC stocks India: AMC stocks to buy: Mutual fund inflows, strong SIPs, and market recovery boost earnings outlook for AMCs. UTI AMC, HDFC AMC, Nippon AMC among top picks from brokerages
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The brokerage has initiated coverage on HDFC AMC, Nippon Life India AMC, Aditya Birla Sun Life AMC, and UTI AMC with 'Buy' ratings.
AMC stocks to buy: Investors latched on to shares of asset management companies (AMCs) on Thursday as analysts saw further upside in the sector, driven by steady mutual fund (MF) flows and a recovery in the secondary market. This, they said, should aid earnings recovery for related players in the coming quarters.
On the bourses, UTI Asset Management Company (UTI AMC) shares hit a record high of ₹1,428 per share on the BSE, rising 6.3 per cent in the intraday trade. Shares of HDFC AMC, Shriram AMC, Nippon Life India Asset Management, Escorp Asset Management, and