Total income rose by 7 per cent to Rs 549 crore in July-September quarter of the ongoing fiscal from Rs 515.3 crore in the same period last fiscal.
KKR India Debt Opportunities Fund sold 6,22,500 shares of HDFC AMC at an average price of Rs 2,690, according to the BSE block deal data.
Analysts advise investors to put fresh money in the counter at current levels as the risk-to-reward might not be that favorable.
On September 3, thirty stocks had hit fresh 52-week highs. Meanwhile, the market was witnessing one of its biggest falls in recent months, with Sensex down 800 points and Nifty wiped off nearly 200 points.
Global brokerage house Bank of America Securities has maintained its buy call on the stock and hiked price target to Rs 2,200 from Rs 1,850 earlier
HDFC AMC has additionally purchased NCDs amounting to Rs 33.26 crore on July 1, 2019
While having an overweight call with a price target at Rs 2,000, global brokerage Morgan Stanley said liquidity arrangement for Essel should benefit investors & improve sentiment.
The company's board has recommended a final dividend of Rs 12 per share for the 2018-19 fiscal.
Sakshi Batra does a 3 point analysis of the reasons behind HDFC AMC's Good Q3 Show.
The fund house had earned a profit of Rs 195.1 crore in the same quarter a year ago.
Total revenue of the second-largest mutual fund house, rose 13 percent to Rs 515 crore, the company said in a statement, adding revenue from operations grew by 12 percent to Rs 480 crore.
54 percent of industry AUM is controlled by top 5 players and 75 percent of industry AUM is controlled by top 10 players.
The country's second largest asset management company reported a 25 percent rise in net profit at Rs 205.2 crore for the three months to June, driven by a healthy 35 basis points (bps) rise in operating margin.
Individual who invested in the IPO of country's second-largest mutual fund house earned Rs 715.15 on each share.
This is the fourth company from the HDFC Group listed on bourses after HDFC, HDFC Bank and HDFC Standard Life.
HDFC AMC raised Rs 2,800.33 crore through the IPO which consisted of 2,54,57,555 equity shares.
HDFC Asset Management Company's public issue has received bids for 140.67 crore equity shares against IPO size of 1.88 crore shares (excluding anchor portion), as per data available on the NSE website.
The reserved category of qualified institutional investors subscribed 1.18 times while the portion set aside for non-institutional investors has seen subscription of 54 percent and retail 1.34 times.
Emkay Global has come out with its report on HDFC Asset Management Company. The research firm has recommended to "Subscribe" the IPO in its research report as on July 24, 2018.