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. 4965, marking a significant milestone for the large-cap firm in the capital markets industry. This achievement comes amid a broader market context where the Sensex experienced a decline of 0.32%, falling by 255.98 points to 81,178.26.
The stock has shown impressive performance, outperforming its sector by 1.36% and gaining 4.63% over the last two days. HDFC AMC is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong technical position. Over the past year, the company has delivered a remarkable return of 31.77%, significantly outpacing the Sensex's performance of 8.13%.

HDFC AMC has consistently demonstrated strong fundamentals, with a robust average return on equity (ROE) of 28.86% and positive results for the last nine consecutive quarters. The latest six-month net sales grew by 34.33%, while profit after tax (PAT) increased by 24.40%. With high institutional holdings at 38.53%, the company continues to showcase its market-leading performance and resilience in the capital markets.