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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
HDFC Asset Management Company Ltd (HDFC AMC) on Thursday reported a 32 per cent year-on-year jump in profit after tax (PAT) at Rs 488 crore for the three months ended December 2023. In comparison, the company had posted a PAT of Rs 369.16 crore in the year-ago period, HDFC AMC said in a regulatory filing. The company's total income surged 23 per cent year-on-year to Rs 814.17 crore in the October-December quarter of the current fiscal (FY24), from Rs 663 crore in the year-ago period. During the period ended December 31, 2023, the asset management firm paid a final dividend of Rs 48 per equity share (face value of Rs 5 each) for the year ended March 31, 2023. For the nine months ended December 31, 2023, the company clocked a PAT of Rs 1,402 crore and total income of Rs 2,312.14 crore. HDFC AMC is an investment manager for HDFC Mutual Fund, one of the largest mutual funds in the country. Shares of HDFC AMC were trading 2.30 per cent higher at Rs 3,496.25 on the BSE.
Assuming 10% incremental annual inflows and market appreciation of 5-7%, AUM could continue to grow 15% in the medium term
Improved share of assets outperforming benchmarks to propel growth, says KIE
The HDFC Top 100 Fund predominantly investing in large-cap stocks was launched in October 1996, making it one of the longest-running mutual fund schemes in India
HDFC Bank works on open architecture and HDFC AMC's share in the bank's mutual fund business was only 24 per cent