India’s HDFC Asset Management rises after brokers back firm's prospects

HDFC Asset Management

17/04/2026 06:03

** HDFC Asset Management HDFA.NS up about 3% at 2,746.70 rupees

** Jefferies expects FY27 avg assets under management growth of 9%

** Adds, co expects 3–4 bps gross hit on existing book from new total expense ratio rules, likely to be offset through lower commissions, cost efficiencies

** Maintains "buy", hikes PT to 3,090 rupees from 2,960 rupees

** Emkay backs co's "strong" brand, distribution and investment performance; expects steady AUM growth, strong profitability in FY27-28; maintains rating, PT

** Co reported Q4 consolidated net profit y/y fell 2.42%, rev from ops up 16% on Thursday

** Avg rating of 27 analysts "buy"; median PT 3,075 rupees - LSEG-compiled data

** YTD, HDFA down 0.37%

($1 = 92.9700 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

((Devika.MadhusudhananNair@thomsonreuters.com;))