India's HDFC Asset Management Co rises on PT hikes, brokerage comments

HDFC Asset Management

21/04/2025 10:40

** Shares of funds manager HDFC Asset Management Company HDFA.NS up 5.7% at 4457.5 rupees

** Centrum says HDFA had a strong Q4 with an increase in overall market share, and distribution trends remained broadly stable

** Brokerage raises PT to 5,080 rupees from 4,750 rupees
** Jefferies raises PT to 5,000 rupees from 4,750 rupees, while Prabhudas Lilladher hikes PT to 4,600 rupees from 4,450 rupees - upside of ~12% and ~3%, respectively

** With improved market position, well-diversified product portfolio, and digital expansion efforts, HDFC AMC is well-positioned to sustain growth - Motilal Oswal

** On Friday, HDFA reported 18% Y/Y climb in Q4 consol net profit
** Stock set to rise most in a session since October 16, 2024
** Avg. rating of 24 analysts is "buy", median PT 4,680 rupees, ~5% higher than current price - data compiled by LSEG

** HDFA up ~6% YTD

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))