The shares of HDFC Asset Management Company (HDFC AMC) on Wednesday (October 16) rose over 5 percent, getting to a fresh high of Rs 4,783.75 each on BSE.
This rise in the supply rate of the firm can be found in feedback to the statement of the economic emphasize of the firm for the quarter on October 15.
The shares of the firm on Wednesday opened up at Rs 4,560.00, and struck a high of Rs 4,849.95 each, throughout the intra day trading session.
As of 12:50 pm IST, the shares of the firm were trading at Rs 4,839.90, up by 6.25 percent.
Share efficiency|
Financial Highlights of the firm – Q2FY25
In Q2 FY25, the firm reported a 32 percent year-on-year rise in web earnings to Rs 576.61 crore.
In the very same duration in 2014, HDFC AMC published an internet earnings of Rs 436.52 crore.
The overall revenue of the firm additionally saw a rise of 38 percent to Rs 1,058.19 crore from Rs 765.35 crore in the equivalent quarter of the previous financial.
The firm’s Assets Under Management (AUM) published a 7.5 percent, getting to Rs 7.58 lakh crore by the end of Q2.
Furthermore, the marketplace share in equity stayed steady at 12.9 percent, while the financial obligation market share inched as much as 13.5 percent from 13.3 percent.
In regards to proactively handled equity-oriented funds, omitting index funds, HDFC AMC’s Quarterly Average AUM (QAAUM) stood at Rs 4,67,600 crore, more enhancing its market share of 12.9 percent.
