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    Buy HDFC Asset Management Company, target price Rs 2550: JM Financial

    Synopsis

    Promoters held 62.78 per cent stake in the company as of 31-Dec-2022, while FIIs owned 12.09 per cent, DIIs 13.4 per cent.

    BuyAgencies
    HDFC Asset Management Company, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 36702.30 Crore) operating in Financial Services sector.
    JM Financial has buy call on HDFC Asset Management Company with a target price of Rs 2550. The current market price of HDFC Asset Management Company is Rs 1719.5.

    HDFC Asset Management Company, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 36702.30 Crore) operating in Financial Services sector.

    HDFC Asset Management Company key Products/Revenue Segments include Income From Portfolio Management Services and Investment Management & Advisory Fees for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 662.96 Crore, up 2.16 % from last quarter Total Income of Rs 648.93 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company has reported net profit after tax of Rs 369.16 Crore in latest quarter.

    The company’s top management includes Mr.Deepak S Parekh, Mr.Sanjay Bhandarkar, Mr.Parag Shah, Mr.Jairaj Purandare, Mr.Dhruv Kaji, Mr.Rushad Abadan, Ms.Renu S Karnad, Mr.Keki Mistry, Mr.Navneet Munot, Ms.Roshni Nadar Malhotra. Company has B S R & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 21 Crore shares outstanding.

    Promoter/FII Holdings
    Promoters held 62.78 per cent stake in the company as of 31-Dec-2022, while FIIs owned 12.09 per cent, DIIs 13.4 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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