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22-Jan2019

HDFC AMC spurts on reporting 25% rise in Q3 net profit

HDFC Asset Management Company is currently trading at Rs. 1498.00, up by 16.90 points or 1.14% from its previous closing of Rs. 1481.10 on the BSE.

The scrip opened at Rs. 1499.00 and has touched a high and low of Rs. 1509.00 and Rs. 1492.05 respectively. So far 7885 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1969.50 on 27-Aug-2018 and a 52 week low of Rs. 1248.30 on 21-Sep-2018.

Last one week high and low of the scrip stood at Rs. 1509.00 and Rs. 1470.85 respectively. The current market cap of the company is Rs. 31839.57 crore.

The promoters holding in the company stood at 82.77%, while Institutions and Non-Institutions held 6.10% and 11.13% respectively.

HDFC Asset Management Company (AMC) has reported a rise of 24.71% in its net profit at Rs 243.26 crore for the quarter ended December 31, 2018 as compared to Rs 195.06 crore for the same quarter in the previous year. Total income of the company increased by 7.61% at Rs 532.94 crore for Q3FY19 as compared Rs 495.23 crore for the corresponding quarter previous year.

HDFC AMC provides the product and services of Asset Management is childrens gift funds, Fixed maturity plan, Debt/income fund, liquid fund, Equity/growth fund, Exchange traded fund, Fund of fund schemes, Quaterly internal fund, Rajiv Gandhi Equity savings fund, HDFC annual internal fund Series 1.


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