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    Buy HDFC Asset Management Company, target price Rs 2200: ICICI Direct

    Synopsis

    HDFC Asset Management Company Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 41140.28 Crore) operating in Financial Services sector.

    buyAgencies
    Promoters held 68.8 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.51 per cent, DIIs 2.09 per cent.
    ICICI Direct has buy call on HDFC Asset Management Company with a target price of Rs 2200. The current market price of HDFC Asset Management Company Ltd. is Rs 1923.15.

    Time period given by analyst is one year when HDFC Asset Management Company Ltd. price can reach defined target.

    HDFC Asset Management Company Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 41140.28 Crore) operating in Financial Services sector.

    HDFC Asset Management Company Ltd. 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 30-06-2022, the company reported a Standalone Total Income of Rs 532.90 Crore, down -8.27 % from last quarter Total Income of Rs 580.93 Crore and down -12.35 % from last year same quarter Total Income of Rs 607.99 Crore. Company reported net profit after tax of Rs 314.19 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 68.8 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.51 per cent, DIIs 2.09 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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