Shares of HDFC Asset Management Company Ltd. are trading at a record high on Wednesday, July 16, having gained in five out of the last seven trading sessions.The stock has now gained for the fifth straight month. With this move, the stock has now gained 26% so far in 2025. This is the third straight year of positive returns for the stock.
Shares of the HDFC Group company have now gained 5x from their IPO price of ₹1,100 per share, having made their stock market debut in 2018. The stock doubled in value in 2019, before declining for three straight years between 2020 and 2022.
In 2023 and 2024, the stock had risen 47% and 31% respectively.
HDFC AMCs Quarterly Average Assets Under Management (QAAUM) grew by 7% from the March quarter, with Equity AUM growing by 8% during the June quarter, according to a note from brokerage firm Nomura.The brokerage though expects a small operating margin decline due to a seasonal rise in operating expenditure. However, a strong other income component led by strong equity market sentiment, will impact the bottomline positively, the Nomura note sad.
Shares of the HDFC Group company have now gained 5x from their IPO price of ₹1,100 per share, having made their stock market debut in 2018. The stock doubled in value in 2019, before declining for three straight years between 2020 and 2022.
In 2023 and 2024, the stock had risen 47% and 31% respectively.
HDFC AMCs Quarterly Average Assets Under Management (QAAUM) grew by 7% from the March quarter, with Equity AUM growing by 8% during the June quarter, according to a note from brokerage firm Nomura.The brokerage though expects a small operating margin decline due to a seasonal rise in operating expenditure. However, a strong other income component led by strong equity market sentiment, will impact the bottomline positively, the Nomura note sad.
Nomura has therefore raised its price target on HDFC AMC to ₹5,500 from ₹5,000 earlier, while maintaining its “buy” recommendation.
On the charts, HDFC AMC’s shares are trading close to their “overbought” territory, with a Relative Strength Index (RSI) at levels of 67. An RSI reading above 70 indicates that the stock trades in “overbought” territory.
Out of the 28 analysts that have coverage on HDFC AMC, 21 of them have a “buy” rating, six have a “hold” recommendation, while a solitary analyst from Citi, has a “sell” recommendation on the stock.
Shares of HDFC AMC are currently trading 0.7% higher on Wednesday at ₹5,318.
