HDFC Asset Management Company Ltd. saw its share price rise by 0.42% to Rs 4280.00 by 12:02 PM (IST) on Monday. During the trading session, the stock reached a high of Rs 4299.90 and a low of Rs 4240.00. In the previous session, it closed at Rs 4261.90.
So far, 497 shares have been traded, which adds up to about Rs 0.22 crore. The company’s price-to-earnings (P/E) ratio is 41.54, which means investors are willing to pay more for each rupee the company earns because they expect good growth in the future. The price-to-book (P/B) ratio is 11.32, showing how much people are willing to pay for the company even if it doesn’t grow.
Over the past year, HDFC Asset Management’s stock has gone up by 33.64%, while the main index of 30 large companies saw a rise of 12.05% during the same time.
As of September 30, 2024, promoters hold no stake in the company. However, overseas investors own 21.55%, and domestic institutional investors own 10.61%.
In its latest financial report for the quarter ending September 30, 2024, the company announced net sales of Rs 1058.19 crore, which is 11.54% higher than the previous quarter and up 38.26% from last year’s Rs 765.35 crore. Their net profit for this quarter was Rs 576.61 crore, an increase of 32.09% compared to the same quarter last year.
Leave a Reply