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

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...

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