Brokerages lift PT on India's HDFC AMC post Q2 results

HDFC Asset Management

16/10/2025 07:47

** Motilal Oswal, Nuvama hike PT on HDFC Asset Management Company HDFA.NS

** Co reports 25% y/y rise in Q2 consol net profit; rev rises 16%

** HDFA gains ~5% since announcing results on Wednesday

** Motilal Oswal raises PT to 6,800 rupees from 5,764 rupees; Nuvama raises PT to 7,200 rupees from 6,530 rupees

** Both maintain "buy"

** CLSA says flows, profitability remain intact; raises PAT estimates by 2%-5%, driven by higher AUM growth

** Hikes PT to 6,000 rupees from 5,670 rupees

** Motilal says with improved market position, diversified product portfolio, digital expansion efforts, co well positioned to sustain growth, deliver value to stakeholders

** YTD, HDFA up ~40%

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))