HDFC AMC reported a 31% year-on-year (Y-o-Y) growth in net profit to Rs 642 crore for the December quarter (Q3), an 11% rise compared to the September quarter
Shares of HDFC AMC surged 6% to Rs 4,112.90 after the company' profit after tax grew 30.8% annually to Rs 641.8 crore, despite other income declining 34.5% YoY in Q3FY25
The HDFC AMC share gained 1.68 per cent on the NSE on Tuesday, closing at Rs 3,899
HDFC AMC Q3 FY25 results: The company had declared and paid an interim dividend of Rs 70 per equity share at the end of FY24
Q3FY25 company results today: Shopper Stop, SRM Energy, and Shree Pushkar Chemicals & Fertilisers will also be releasing their earnings report on January 14 for the quarter that ended on Dec 31
Technical charts show that these four stocks have given a breakout on the daily scale on closing above the super trend line indicator.
Brokerages up targets as AMCs deliver earnings surprise
Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.
At 09:29 am; with Rs 1.02 trillion market cap, HDFC AMC was trading 4.9 per cent higher at Rs 4,772.50, as compared to 0.18 per cent decline in the BSE Sensex.
At 12:04 PM, HDFC AMC shares were trading 1.8 per cent higher at Rs 4,562. HDFC AMC market cap (m-cap) stood at Rs 97,452 crore
The HDFC Nifty LargeMidcap 250 Index Fund provides investors with diversified exposure across large and midcaps through a single scheme.
Setalvad says positive surprises may emerge on the rural consumption front amid favourable monsoon and a low base
Companies have strong cash conversion, predictability and growth runway
HDFC Life's Assets Under Management Cross Rs. 3 Lakh Crore
Over the past 28 trading sessions, HDFC AMC has maintained a range between approximately Rs 3,600 and Rs 3,800
Revenue from operations surges 19% to Rs 2,167 cr
Shares for HDFC AMC closed at Rs 3,708 on Friday ahead of its financial results
Shares of asset under management (AMC) companies were in demand on Tuesday as robust systematic investment plan (SIP) inflows helped sustain assets under management (AUM) growth momentum in January.
At the BS IML Conclave, Deepak Parekh said that some incentives must be provided to the developers to make affordable homes
The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut