Buy HDFC Asset Management Company, target price Rs 3900: Prabhudas Lilladher
HDFC Asset Management Company with a target price of Rs 3900.
The current market price of HDFC Asset Management Company Ltd. is Rs 3425.
HDFC Asset Management Company Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 72214.17 Crore) operating in Financial Services sector.
HDFC Asset Management Company Ltd.
key Products/Revenue Segments include Income From Portfolio Management Services and Investment Management & Advisory Fees for the year ending 31-Mar-2023.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 814.17 Crore, up 6.38 % from last quarter Total Income of Rs 765.35 Crore and up 22.81 % from last year same quarter Total Income of Rs 662.96 Crore.
Company reported net profit after tax of Rs 487.92 Crore in latest quarter.
Promoter/FII Holdings Promoters held 52.55 per cent stake in the company as of 31-Dec-2023, while FIIs owned 17.99 per cent, DIIs 19.5 per cent.
