 "stock market, fall, divestment, company, firm")
Shares of HDFC Asset Management Company (AMC) snapped their three-day winning run and dipped 3 per cent to Rs 2,777.25 in intra-day session on Wednesday following the company's March quarter results as the lower-than-expected AUM (asset under management) growth and continued loss in market share concerned investors.
The company on Tuesday reported a 26.52 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021. In comparison, the company had posted a PAT of Rs 249.83 crore in the same period a year ago.
Total income rose by 21.34 per cent YoY
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