HDFC Asset Management up nearly 1%; Citi initiates neutral call with potential upside of 14%

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26 Aug, 2025 12:21

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Research house Citi has initiated coverage on HDFC Asset Management Company with neutral rating. It kept target price of Rs 1,850.

It sees potential upside of 14 percent. The company has strong brand and franchise and it is fairly valued, Citi added.

Higher equity AUM drives profitability, while SIPs add stability and expect AUM/Equity AUM/net profit to grow at a CAGR of 21%/30%/17% over FY18-21, it further added

HDFC Asset Management Company ended at Rs 1,629.50, up Rs 11.25, or 0.70 percent on the BSE.

Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.