News From Press Investors bet on HDFC AMC as operating margins rise

Investors bet on HDFC AMC as operating margins rise

“Asset management business has a huge operational leverage. It is a business of credibility, where the HDFC group and company scores high,” says Alok Ranjan, head (PMS), way2Wealth.

Economic Times Jul 19, 2019

Portfolio managers believe despite premium valuations and run-up in price, investors could accumulate shares of HDFC Asset Management. Analysts said with higher sustainable operating profits the stock could be rerated. The stock moved up 9% to Rs 2170 in the last couple of trading sessions, after quarterly numbers where profits grew 42%. Over the last six months the share price has gained 46%.

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