HDFC Asset Management Achieves 52-Week High Amid Broader Market Decline

HDFC Asset Management Company has made headlines today as its stock price reached a new 52-week high of Rs. 5312, marking a significant milestone for the large-cap firm in the capital markets sector. This achievement comes amid a broader market environment where the Sensex is experiencing a slight decline, trading at 82,431.47, down 0.17%.
The stock has shown impressive performance over the past three days, gaining 4.21% and outperforming its sector by 0.41%. HDFC AMC has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Over the past year, the company has delivered a remarkable return of 29.98%, significantly outpacing the Sensex's 2.12% performance.

Financially, HDFC AMC has reported robust growth, with net sales for the latest six months reaching Rs. 1,835.99 crore, up 34.33%, and a profit after tax of Rs. 1,279.82 crore, reflecting a 24.40% increase. The company has maintained a strong return on equity of 28.86% and has demonstrated consistent results over the last nine quarters, solidifying its position in the market.