English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    Ideas for Profit | HDFC AMC posts strong performance in Q3, should investors buy?

    Neha Dave
    January 22, 2020 / 02:48 PM IST
    Ideas for Profit | HDFC AMC posts strong performance in Q3, should investors buy?

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    HDFC Asset Management Co Ltd (CMP: Rs 3,240, Mcap: Rs 68,893 crore), the largest asset management company (AMC) in India, reported strong  Q3 FY20 earnings with net profit rising 45 percent year-on year (YoY) on the back of an increase in assets under management (AUM), better product mix and reduced expenses. The asset manager continues to be at the forefront of growth in mutual fund assets and retains its dominant position. After its stock price more than doubled in...

    • PRO Panorama

      Moneycontrol Pro Panorama | IT stocks get a harsh reality check

      Jun 6, 2023 / 03:16 PM IST

      In today’s edition of Panorama: China's economic growth and index returns gap widens, the untold story behind the OPEC meet, su...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: Things fall apart

      Apr 22, 2023 / 11:16 AM IST

      The mainstream is coming around to the view that geopolitics will result in a fragmented global economy and we will not go back to...

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers