Buy HDFC AMC, price target Rs 3450: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on HDFC Asset Management Company with a target price of Rs 3450. The current price of HDFC Asset Management Company Ltd. is Rs 3332.25 Time period given by the analyst is Intra Day when HDFC Asset Management Company Ltd. price can reach defined target. Kunal Bothra recommended to keep a stoploss at Rs 3200 .

HDFC Asset Management Company Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 70632.45 Crore) operating in Financial Services sector.

HDFC Asset Management Company Ltd. key Products/Revenue Segments include Investment Management & Advisory Fees which contributed Rs 1895.39 Crore to Sales Value (98.96 % of Total Sales) and Income From Portfolio Management Services which contributed Rs 19.79 Crore to Sales Value (1.03 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 498.00 Crore, down -1.27 % from last quarter Sales of Rs 504.39 Crore and up 3.67 % from last year same quarter Sales of Rs 480.36 Crore Company has reported net profit after tax of Rs 368.24 Crore in latest quarter.

The company’s top management includes Dr.Deepak B Phatak, Mr.Deepak S Parekh, Mr.Dhruv Kaji, Mr.Jairaj Purandare, Mr.James Aird, Mr.Keki Mistry, Mr.Milind Barve, Mr.N Keith Skeoch, Mr.Parag Shah, Mr.Sanjay Bhandarkar, Mr.Shashi Kant Sharma, Mr.Vijay Merchant, Ms.Renu S Karnad, Ms.Roshni Nadar Malhotra. Company has B S R & Co. LLP as its auditors As on 31-12-2019, the company has a total of 212,628,945 shares outstanding.