Reduce HDFC Asset Management Company, target price Rs 4,545: Centrum

Centrum Wealth Management Limited has reduce call on HDFC AMC with a target price of Rs 4,545. The current market price of HDFC AMC is Rs 4,794.5. HDFC AMC, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 101840.51 Crore) operating in Financial Services sector.

HDFC AMC key Products/Revenue Segments include Investment Management & Advisory Fees and Income From Portfolio Management Services for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 948.71 Crore, up 11.45% from last quarter Total Income of Rs 851.25 Crore and up 29.50% from last year same quarter Total Income of Rs 732.62 Crore. Company has reported net profit after tax of Rs 603.76 Crore in latest quarter.


Promoter/FII Holdings

Promoters held 52.51% stake in the company as of 30-Sep-2024, while FIIs owned 21.55%, DIIs 16.91%.