Share price of HDFC AMC jumps as Sensex gains 30.51 points

economictimes.indiatimes.com:

HDFC Asset Management Company Ltd. gained 0.8 per cent to Rs 4178.15 at 10:10AM (IST) in Wednesday's trade. The stock hit a high of Rs 4198.0 and low of Rs 4117.95 so far during the session. The stock had closed at Rs 4144.7 in the previous session.
The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 0.75 crore on BSE. The stock traded at a price-to-earnings multiple of 43.16 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 is the measure of the price that investors are ready to pay even for no growth in the business.
HDFC Asset Management Company Ltd. belongs to the AMC industry.
Promotor/FII Holding Promoters held 52.52 per cent stake in the company as of 30-Jun-2024, while foreign investors and domestic institutional investors ownership stood at 20.59 per cent and 17.66 per cent, respectively.
Key Financials The company reported consolidated net 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 profit for the latest quarter stood at Rs 603.76 crore, up 26.47 per cent from the same quarter a year ago.