Buy HDFC AMC Ltd for the Target Rs. 6,500 by Motilal Oswal Financial Services Ltd
* Equity AUM to maintain growth momentum backed by improving fund performance.
* On a sequential basis, yields are projected to decline.
* Cost-to-income ratio to increase sequentially, led by higher employee costs, including ESOP.
* Other income is expected to decline sequentially on account of rising bond yields and weak market returns.

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