News for HDFC Asset Management Company (HDFCAMC.BO)

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Prudential Plc is planning to list ICICI Prudential AMC, Indias second-largest mutual fund house, through a ₹10,000 crore IPO. The offering, subject to approvals, will involve a 10-15% stake sale, with proceeds intended for shareholder returns.

Markets show divided responses following the announcement of the Union Budget, leading to mixed financial sentiment.

The BSE Sensex rose 5.39 points or 0.01 per cent to settle at 77,505.96. The BSE barometer had declined 0.09 per cent on July 23, 2024 and 0.15 on February 1, 2024. It gained 0.27 per cent on February 1, 2023.

A total of 3,951 shares changed hands on the counter till 11:39AM (IST).

ICICI Securities recommends an ADD call on HDFC Asset Management with a target price of Rs 4,400. HDFC AMC, a major player in financial services, reported significant growth in core EBITDA driven by better yields. The company showed a strong performance in equity market shares and SIP flows, suggesting optimistic future business metrics.

The stock traded at a P/E multiple of 36.62, while the price-to-book value ratio stood at 11.32.

The stock quoted a 52-week high price of Rs 4862.00 and low of Rs 3255.00.

On the technical charts, the RSI of the stock stood at 46.9.

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NHDFA.NS - HDFC Asset Management Company LtdQ3 2025 HDFC Asset Management Company Ltd Earnings

HDFC Asset Management Company Q3 Results 2025 on 15 Jan, 2025: Revenue increased by 39.22% YoY & profit increased by 31.45% YoY, profit at ₹641.36 crore and revenue at ₹934.63 crore

HDFC AMC shares: Brokerage firms are largely positive on HDFC Asset Management Company after the strong performance in October-December 2024 period.

As of 31-Dec-2024, promoters held 0.0 per cent stake in the company, while FIIs held 21.32 per cent and domestic institutional investors had 10.43 per cent.

Buzzing stocks, stocks to watch: Optimus, Home First finance, L&T, Ashoka Buildcon, Vodafone Idea, Blue Dart, J&K Bank, Awfis, HDFC Asset Management, Premier Energies, Allcargo Gati, IRFC, Morepen Lab, Innova Captab

The Q3 FY25 earnings season is in full swing as more than 100 companies are expected to release their financial statement for the December 2024 quarter. On Jan. 13, HCLTech and Delta Corp were some of the big firms that declared their quarterly results. HDFC Asset Management Company Ltd., Network18 Media & Investments Ltd. and Shoppers Stop Ltd. are some of the big names that are expected to release their earnings report on Tuesday.

A total of 4,663 shares changed hands on the counter till 11:16AM (IST)

Stocks including HCL Technologies, Life of Insurance Corporation, Angel One, Bharat Electronics, Indian Hotels, HDFC AMC, JSW Energy and more will be in the spotlight on Tuesday, January 14.

This week will be a busy one in the ongoing Q3 earning season as more than 100 companies are expected to release their financial statement for the September-December 2024 quarter starting Jan. 13. HCL Technologies, Wipro, LTI Mindtree, RIL (Reliance Industries), Infosys, Tech Mahindra, Kotak Mahindra Bank and SBI Life Insurance company are some of the big names that will declare their Q3 results from Jan. 13 to Jan. 18.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 21.55 per cent and 10.61 per cent, respectively.