HDFC Asset Management Company Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 63997.72 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 594.91 Crore, up 4.38 % from last quarter Total Income of Rs 569.95 Crore and up .49 % from last year same quarter Total Income of Rs 591.99 Crore. Company reported net profit after tax of Rs 369.26 Crore in latest quarter.
Investment Rationale
The stock has broken out of a consolidation pattern, resuming the uptrend. Further, it is trading above its short-term crucial moving averages, confirming the bullishness. Moreover, the breakout was on higher volumes, confirming the strength in the up move. Technical indicator RSI is also confirming that the stock is trading in bullish territory.
