Share price of HDFC AMC jumps as Sensex drops 41.96 points

economictimes.indiatimes.com:

HDFC Asset Management Company Ltd. gained 0.29 per cent to Rs 4401.0 at 11:41AM (IST) in Friday's trade. The scrip has hit a high of Rs 4449.0 and low of Rs 4385.1 so far during the session. The stock had closed at Rs 4387.9 in the previous session.
The counter has had a total traded volume of 3943 shares so far with a value of Rs 1.74 crore on the NSE. It traded at a price-to-earnings multiple of 45.45 and a price-to-book ratio of 11.32.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 65.22 per cent during the past one year, while the 30-share index advanced 25.93 per cent during the same period.

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HDFC Asset Management Company Ltd. belongs to the AMC