HDFC Asset Management Company trades higher on reporting 26% rise in Q1 consolidated net profit
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HDFC Asset Management Company is currently trading at Rs. 4213.65, up by 21.65 points or 0.52% from its previous closing of Rs. 4192.00 on the BSE.
The scrip opened at Rs. 4230.00 and has touched a high and low of Rs. 4275.00 and Rs. 4190.00 respectively. So far 4106 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4295.20 on 15-Jul-2024 and a 52 week low of Rs. 2355.70 on 17-Jul-2023.
Last one week high and low of the scrip stood at Rs. 4295.20 and Rs. 4050.05 respectively. The current market cap of the company is Rs. 89532.19 crore.
The promoters holding in the company stood at 52.52%, while Institutions and Non-Institutions held 38.28% and 9.20% respectively.
HDFC Asset Management Company has reported 26.49% rise in its net profit at Rs 603.98 crore for the quarter ended June 30, 2024 as compared to Rs 477.51 crore for the same quarter in the previous year. Total income of the company increased by 29.45% at Rs 948.34 crore for Q1FY25 as compared to Rs 732.59 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 26.47% rise in net profit at Rs 603.76 crore for Q1FY25 as compared to Rs 477.41 crore for the same quarter in the previous year. Total income of the company increased by 29.49% at Rs 948.71 crore for Q1FY25 as compared to Rs 732.64 crore for the corresponding quarter previous year.
