HDFC AMC shares gain 0.72% as Sensex rises
HDFC Asset Management Company Ltd. traded 0.72 per cent up at Rs 4407.95 at 12:12PM (IST) on Monday, even as BSE benchmark Sensex gained 157.78 points to 84702.09. The stock had closed at Rs 4376.15 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 4544.5 and Rs 2565.0, respectively.
As per BSE data, total traded volume on the counter till 12:12PM (IST) stood at 12:12PM shares with turnover at Rs 0.58 crore.
At the prevailing price, shares of the company trades at 45.45 times its trailing 12-month EPS of Rs 96.87 per share and 11.32 times its price-to-book value, BSE 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 is the measure of the price that investors are ready to pay even for no growth in the business.
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