HDFC Asset Management Company Ltd Share Price – NSE /  BSE

Finance, Mid Cap

Shares of the HDFC Asset Management Company jumped 17.12% in seven trading sessions from its recent closing low of Rs 4,131.65 on 7 October 2024.

The stock hit an all-time high of Rs 4,862 today. The counter has soared 80.66% from its 52-week low of Rs 2,691.20 hit on 30 October 2023.

On the BSE, 0.79 lakh shares were traded in the counter so far compared with average daily volumes of 0.30 lakh shares in the past two weeks.

Meanwhile, HDFC AMC’s market capitalisation crossed Rs 1 trillion-mark for the first time as the stock hit a new high after reporting a robust set of numbers for September quarter of financial year 2025 amid rising equities and broadly steady market share.

The company’s standalone net profit jumped 31.84% to Rs 576.88 crore on 38.23% increase in total income to Rs 1,057.82 crore in Q2 FY25 over Q2 FY24. The AMC had a QAAUM (quarterly average assets under management) of Rs 7,58,800 crore as of 30 September 2024 compared to Rs 5,24,700 crore as on 30 September 2023 and its market share was 11.5% in QAAUM of the mutual fund industry.

Further, a foreign brokerage house has upgraded its ratings on the HDFC AMC stock to outperform from hold; increasing the target price to Rs 4,920 from Rs 4,450, quoting AUM growth far ahead of expectation.

The stock had outperformed the market over the past one month, rising 9.17% as against Sensex's 1.57% decrease.

The scrip had outperformed the market in past three months, jumping 20.59% as against 6.09% rise in Sensex.

The counter had also outperformed the market in past one year, soaring 69.46% as against Sensex's 23.45% surge.

On the technical front, the stock's daily RSI (relative strength index) stood at 72.393. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 4,363.05, 4,187.90 and 3,921.49, respectively. These levels will act as crucial support zones in near term.

HDFC Asset Management Company (HDFC AMC) is the investment manager of HDFC Mutual Fund, one of the largest mutual funds in the country. The AMC has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors, and national distributors.

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Net profit of HDFC Asset Management Company rose 32.09% to Rs 576.61 crore in the quarter ended September 2024 as against Rs 436.52 crore during the previous quarter ended September 2023. Sales rose 37.96% to Rs 887.21 crore in the quarter ended September 2024 as against Rs 643.08 crore during the previous quarter ended September 2023.

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Revenue from operations in Q2 FY25 stood at Rs 887.21 crore, registering a growth of 37.96% year on year.

Profit before tax in Q2 FY25 stood at Rs 858.68 crore, up by 45.75% from Rs 589.13 crore in Q2 FY24.

Operating profit for the quarter ended 30 September 2024 was Rs 688.1 crore, up 47% from Rs 467 crore posted in the same period a year ago.

The AMC had a QAAUM (quarterly average assets under management) of Rs 7,58,800 crore as of 30 September 2024 compared to Rs 5,24,700 crore as on 30 September 2023 and its market share was 11.5% in QAAUM of the mutual fund industry.

QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at Rs 4,67,600 crore for the quarter ended 30 September 2024 with a market share of 12.9%.

The ratio of equity and non-equity oriented QAAUM is 66:34, compared to the industry ratio of 57:43 for the quarter ended 30 September 2024.

As of September 2024, 71% of the company’s total monthly average AUM is contributed by individual investors compared to 62% for the industry.

The company said that 10.31 million systematic transactions with a value of Rs 36,800 crore processed during the month of September 2024.

As on 30 September 2024, total live accounts stood at 20.7 million, unique customers as identified by PAN or PEKRN stands at 11.8 million compared to 50.1 million for the industry, a penetration of 24%.

HDFC Asset Management Company (HDFC AMC) is the investment manager of HDFC Mutual Fund, one of the largest mutual funds in the country. The AMC has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors, and national distributors.

The counter hit an all-time high of Rs 4,603.25 in today's intra-day session.

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HDFC Asset Management Company Ltd is up for a third straight session in a row. The stock is quoting at Rs 4423.8, up 1.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 25018.1. The Sensex is at 81630.89, up 0.2%. HDFC Asset Management Company Ltd has risen around 0.5% in last one month.

Meanwhile, Nifty Financial Services index of which HDFC Asset Management Company Ltd is a constituent, has risen around 0.47% in last one month and is currently quoting at 23546, up 0.63% on the day. The volume in the stock stood at 1.93 lakh shares today, compared to the daily average of 3.83 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 4429.4, up 0.87% on the day. HDFC Asset Management Company Ltd is up 61.03% in last one year as compared to a 26.28% spurt in NIFTY and a 18.88% spurt in the Nifty Financial Services index.

The PE of the stock is 45.08 based on TTM earnings ending June 24.

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