HDFC AMC shares up 0.46% as Nifty gains
HDFC Asset Management Company Ltd. rose 0.46 per cent to Rs 4442.0 in Monday's trade. It hit an intraday high of Rs 4478.95 and low of Rs 4405.85, respectively, during the day.
The stock quoted a 52-week high price of Rs 4527.95 and low of Rs 2418.0.
As of 11:22AM (IST), the counter saw total traded volume of 2,786 shares with a traded value of Rs 1.23 crore, according to NSE.
The stock had closed at Rs 4421.25 in the previous session.
The scrip has advanced 7.74 per cent in the past one month till date, while the benchmark BSE Sensex has gained 3.36 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 45.79 while price-to-book ratio stood at 11.32. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the AMC industry.
Promoter/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 20.61 per cent and 11.08 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 948.71 crore for the quarter ended 30-Jun-2024, up 11.45 per cent from the previous quarter's Rs 851.25 crore and up 29.5 per cent from the year-ago quarter's Rs 732.62 crore. Its net profit for the latest
