Share price of HDFC AMC jumps as Sensex gains 5.51 points
HDFC Asset Management Company Ltd. gained 3.43 per cent to Rs 4705.0 at 10:04AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 4783.75 and low of Rs 4563.05 so far during the session. The stock had closed at Rs 4548.65 in the previous session.
The counter has had a total traded volume of 26118 shares so far with a value of Rs 12.36 crore on the NSE. It traded at a price-to-earnings multiple of 48.61 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 64.77 per cent during the past one year, while the 30-share index advanced 20.62 per cent during the same period.
Stock Trading
Point & Figure Chart Mastery: A Comprehensive Trading Guide
By — Mukta Dhamankar, Full Time Trader, 15 Years Experience, Instructor
Stock Trading
Macroeconomics Made Easy: Online Certification Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Ichimoku Trading Unlocked: Expert Analysis and Strategy
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Cryptocurrency Made Easy: Cryptocurrency Course
By — elearnmarkets, Financial
