Buy HDFC Asset Management Company; target of Rs 4100: Prabhudas LilladherMoneycontrol • 3 days ago
Prabhudas Lilladher is bullish on HDFC Asset Management Company has recommended buy rating on the stock with a target price of Rs 4100 in its research report dated April 20, 2024.
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The AMC closed with Quarterly Average Assets Under Management of Rs 6.12 lakh crore.
MSCI has also revealed 27 additions and six deletions from the Small Cap index
KR Choksey is bullish on HDFC Asset Management Co has recommended buy rating on the stock with a target price of Rs 4005 in its research report dated January 17, 2024.
Prabhudas Lilladher is bullish on HDFC Asset Management Company has recommended buy rating on the stock with a target price of Rs 3900 in its research report dated January 12, 2024.
Looking forward, the immediate resistance for Nifty is identified at the record high level of 21,834, with an additional resistance level at 22,000. On the downside, crucial support levels are recognized at 21,330 and 20,975.
The asset management company's consolidated revenue rose 20 percent YoY to Rs 671.3 crore in Q3 FY24, against Rs 559.6 crore in the year-ago period
New fintech players have pushed SIP growth and contribute around 40 percent of volume and 15-20 percent of value of industry SIP creation.