HDFC Asset Management Company Ltd News
Breakout stocks: MidCaps HDFC AMC, L&T Fin can rally up to 18%; show charts
Technical charts show that these four stocks have given a breakout on the daily scale on closing above the super trend line indicator.
 "Breakout stocks: MidCaps HDFC AMC, L&T Fin can rally up to 18%; show charts")
FIIs least bullish since June; OI in Nifty futures down at 3 lakh contracts
Derivatives market update Oct 17: FIIs long-short ratio in index futures dropped to 0.5 its lowest point since June 07. Among stocks, ICICI General Insurance and CoForge saw short build-up yesterday.
 "FIIs least bullish since June; OI in Nifty futures down at 3 lakh contracts")
AMCs, broking stocks rally up to 15%; Aditya Birla, UTI, CAMS at new peak
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.
 "AMCs, broking stocks rally up to 15%; Aditya Birla, UTI, CAMS at new peak")
HDFC AMC rallies 5% on strong Q2 results; market cap touches Rs 1 trillion
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.
 "HDFC AMC rallies 5% on strong Q2 results; market cap touches Rs 1 trillion")
HDFC AMC Q2 results: Net profit rises 32% to Rs 577 cr, total income up 38%
HDFC Asset Management Company (AMC) on Tuesday reported a 32 per cent year-on-year growth in profit after tax (PAT) to Rs 576.61 crore for the three months ended September 2024. The HDFC AMC's profit after tax stood at Rs 436.52 crore in the same quarter of the preceding financial year (FY24). Its total income rose 38 per cent to 1,058.19 crore in the July-September quarter from Rs 765.35 crore in the year-ago period, HDFC AMC said in a stock exchange filing. For the half-year ended September 2024, the company logged a PAT of Rs 1,180.37 crore and a total income of Rs 2,007 crore. Shares of HDFC AMC were trading 1.11 per cent higher at Rs 4533 on the BSE around 3 pm.
 "HDFC AMC Q2 results: Net profit rises 32% to Rs 577 cr, total income up 38%")
HDFC AMC hits record high, rallies 11% in 6 days; m-cap nears Rs 1 trillion
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
 "HDFC AMC hits record high, rallies 11% in 6 days; m-cap nears Rs 1 trillion")
For valuations to sustain, corporate earnings need to deliver: Setalvad
Setalvad says positive surprises may emerge on the rural consumption front amid favourable monsoon and a low base
 "For valuations to sustain, corporate earnings need to deliver: Setalvad")
