HDFC AMC Share Price: HDFC Asset Management Company’s third quarter net profit increased by 31.4 percent year-on-year to Rs 641.4 crore. Last year, in the same quarter, the company’s profit was Rs 488 crore. The company’s revenue increased by 39.2 percent to Rs 934.6 crore, which was Rs 671.3 crore in the same quarter a year ago. The company’s Q3 results have been very strong, so it is believed that the stock may rise further. Investment figures in MFs remain strong. Investments in equity MFs rose 15% to Rs 41,556 crore in December. AMCs may have better results than brokers.
The company’s stock is showing a rise today after the results. The stock was seen trading at Rs 3995, up 3.36 per cent or Rs 129.95 at 9.29 am.
Nomura has given a buy opinion on HDFC AMC. Its target has been fixed at Rs 5,250 per share. He says that the company’s profit has been 6% more than expected. The brokerage has raised its EPS by 2-3% for FY25-27. SIP flow market share declined by 60 bps on quarterly basis. 20% CAGR growth in profits is possible during FY25-27.
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HSBC has given hold rating on HDFC AMC. He has set its target at Rs 4350 per share. He says rationalization of commission payments and controlled operating costs led to the strong growth in profits in the third quarter. Its market share has led to stability in equity AUM and SIP flows. This could keep pressure on strong valuations. They have raised EPS by 0.4-4.1% for FY25-27.
Citi has given a sell opinion on HDFC AMC. He says that with 8% growth, strong core earnings growth was seen. Along with this, the results have been supported by cost control. The company’s net equity flow remains strong. There was a decline in gross SIP flow market share in December. SIP flow market share stood at 14.4% in December as against 15% in September 2024.
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