India's HDFC Asset Management Co rises on Q1 profit jump

HDFC Asset Management

17/07/2025 10:23

** Shares of funds manager HDFC Asset Management Company HDFA.NS up 3.3% to 5524 rupees

** HDFA posts 23.8% y/y jump in Q1 consolidated net profit, revenue from ops rose 25%

** Stock set to rise for a third straight session

** Stock has been above its 50-day, 100-day simple moving avgs since April, indicating bullish sentiment

** More than one mln shares traded, ~2x its 30-day moving avg

** Avg rating of 25 analysts is "buy" but median PT is 4,850 rupees, ~12% lower than current price - data compiled by LSEG

** HDFA up ~32% YTD

 (Reporting by Anuran Sadhu in Bengaluru)

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