#HdfcAmc
Our long term Pick given on March 29 has already completed Target 1 and 2. Now got a Brokerage upgrade with Target priced raised to 2000 from 1765. Not a fresh Recommendation.
MS on HDFC AMC
Operating profit (13% QoQ, +25% YoY) was 7% above our
est as costs were lower than we expected on gains from
new commission norms, which should unwind in time.
Raise EPS on higher profit margins & AUM
OW
TP raised to Rs 2000 from Rs 1765
#Nse #Bse #equity #Delivery #TradeAdda #stockmarket #breakout #bullish
For Educational Purposes only.
#TradeAdda
