News From Press HDFC AMC shares gain 65% on Day 1, what you should do

HDFC AMC shares gain 65% on Day 1, what you should do

Source : Livemint Aug 7, 2018

Investors who were lucky enough to be alloted HDFC AMC shares in the IPO must be elated today. HDFC AMC shares surged to Rs 1,844 at the day’s high on NSE, before closing at Rs 1,815, up 65% from the issue price. For some analysts, the Day 1 gains in HDFC AMC shares were not surprising. Its lineage (HDFC group company), wide distribution franchise, strong retail base and profitable ratios had led many brokerages to being optimistic about the HDFC AMC IPO.

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