HDFC AMC share price jumps over 5% to record high after strong Q2 results. Should you buy?
HDFC Asset Management Company share price jumped over 5% to hit a record high on Wednesday after the company posted strong earnings for the second quarter of FY25. HDFC AMC shares spiked as much as 5.16% to a fresh high of ₹4,783.75 apiece on the BSE.
HDFC Asset Management Company reported a net profit of ₹576.61 crore in the quarter ended September 2024, a 32% year-on-year (YoY) increase from ₹436.52 crore in the same period last fiscal.
The company’s total income rose 38% to ₹1,058.19 crore in Q2FY25 from ₹765.35 crore in the year-ago period.
Assets Under Management (AUM) of HDFC AMC increased by 7.5%, reaching ₹7.58 lakh crore by the end of Q2. The company’s equity market share remained steady at 12.9%, while its…
