HDFC AMC Share Price: Buy HDFC Asset Management Company, Target Price Rs 2400 : ICICI Direct

ICICI Direct has a buy call on . with a target price of Rs 2400. The current market price is Rs 1859.25.

The period given by the analyst is one year when the price of HDFC Asset Management Company Ltd. can achieve the set goal.

HDFC Asset Management Company Ltd., incorporated in 1999, is a large capitalization company (having a market capitalization of Rs 39240.05 Crore) operating in the financial services industry.

The major products/revenue segments of HDFC Asset Management Company Ltd. includes investment management and advisory fees and income from portfolio management services for the year ending March 31, 2021.



For the quarter ended 31-03-2022, the company reported total standalone revenue of Rs 580.93 Crore, down -8.64% from last quarter, total revenue of Rs 635.88 Crore and up 6.48% compared to the same quarter last year. Total revenue of Rs 545.57 Crore. The company reported a net profit after tax of Rs 343.55 Crore last quarter.

Promoter/Fii Holdings
The promoters held 68.81% of the company’s capital as of March 31, 2022, while the FIIs held 18.14% and the DIIs 1.29%.

(Disclaimer: The recommendations given in this section or any report attached hereto are written by an external party. The views expressed are those of the respective authors/entities. These do not represent the views of Economic Times (ET). AND does not warrant, for, endorse any of its content and hereby disclaims all warranties, express or implied, relating thereto.Please consult your financial adviser and seek independent advice.

About Donnie R. Losey

Check Also

Supporters of better pay and benefits for feds win re-election

While the broader implications of the midterm election results for policies that affect the civil …