HDFC AMC, Aditya Birla Sun Life AMC hit 52-week lows in a firm market

Shares of Aditya Birla Sun Life AMC hit a low of Rs 569, its lowest level since listing on October 11, 2021

Shares of HDFC Asset Management Company and Aditya Birla Sun Life AMC hit their respective 52-week lows on the BSE in Thursday's intra-day trade.

HDFC AMC, the investment manager to HDFC Mutual Fund (HDFC MF), was down 2 per cent to Rs 2,411.15, breaching its previous low of Rs 2,427.10, touched on November 29, 2021. In the past three months, the stock has underperformed the market by declining 27 per cent as compared to a 2.4-per cent fall in the S&P BSE Sensex.

HDFC AMC is among the largest and profitable mutual funds with an AUM of around