HDFC Asset Management Company Ltd. traded 0.27 per cent at Rs 4488.30 at 11:25AM (IST) on Thursday, even as BSE benchmark Sensex 897.77 points to 79480.36.
The scrip had closed at Rs 4500.55 in the previous session. The stock quoted a 52-week high price of Rs 4862.00 and 52-week low of Rs 2725.00, respectively. As per BSE data, total traded volume on the counter till 11:25AM (IST) stood at 4352 shares with a turnover of Rs 1.95 crore.
At the prevailing price, the stock traded at 43.41 times its trailing 12-month EPS of Rs 103.43 per share and 11.32 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.7861.
Stock Trading
Complete Guide to Stock Market Trading: From Basics to Advanced
By — Harneet Singh Kharbanda, Full Time Trader
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
A2Z of Stock Trading — Online Stock Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Cryptocurrency Made Easy: Cryptocurrency Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar,