HDFC Asset Management Company Achieves 52-Week High Amid Strong Market Performance

HDFC Asset Management Company has reached a significant milestone today, hitting a new 52-week high of Rs. 5670. This achievement underscores the company's robust performance in the capital markets sector, particularly as it has outperformed its sector by 1.74% today. Over the past two days, the stock has shown a consecutive gain of 1.96%, reflecting strong momentum.
In terms of moving averages, HDFC AMC is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a positive trend in its price action. The company has demonstrated impressive long-term fundamental strength, with an average Return on Equity (ROE) of 28.86% and a healthy operating profit growth rate of 16.97% annually.

HDFC AMC has consistently delivered positive results, reporting its highest quarterly net sales at Rs. 968.15 crore and a PBT of Rs. 752.67 crore. With high institutional holdings at 38.63%, the company is well-positioned in the market. Over the past year, HDFC AMC has generated a remarkable return of 36.01%, significantly outperforming the Sensex, which has seen a decline of 0.56%.