India's HDFC Asset Management Co gains on quarterly profit climb

HDFC Asset Management

17/04/2025 11:00

** India's HDFC Asset Management Company HDFA.NS climbs 2% to 4,212 rupees

** Funds manager reports 18% Y/Y climb in Q4 consol net profit, rev from ops rises ~30% Y/Y

** Separately, co also declares 90 rupees/share dividend

** Stock up 6% this week, set for best weekly gain in a month

** Avg rating of 24 analysts on HDFA at "buy", median PT is 4,710 rupees - data compiled by LSEG

** Stock up ~1% YTD after gaining for two straight years

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))