India's HDFC Asset Management Co up on June-quarter profit climb

HDFC Asset Management

15/07/2024 10:28

** Shares of HDFC Asset Management Company  HDFA.NS  rise as
much as 3%, last up 2% to 4,253.6 rupees
    ** Mutual fund manager's June-quarter profit up 26.5% YoY
    ** Rivals Nippon Life India Asset Management  NIPF.NS  and
UTI Asset Management Company  UTIA.NS  yet to report results
    ** HDFA stock up ~6% so far in July; it posted monthly
declines twice since April 2023
    ** HDFA up ~32% YTD, NIPF and UTIA up ~50% and ~23% from
last year, respectively

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))