Time period given by analyst is Intra Day when HDFC Asset Management Company Ltd. price can reach defined target.
HDFC Asset Management Company Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 63446.45 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 545.57 Crore, down -8.29 % from last quarter Total Income of Rs 594.91 Crore and up 21.34 % from last year same quarter Total Income of Rs 449.62 Crore. Company reported net profit after tax of Rs 316.08 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from a trendline resistance formed joining recent highs. Further, a sustained trade beyond Rs 3,000 will take the stock to levels of Rs 3,120. RSI is also suggesting bullishness going forward.
Promoter/FII Holdings
Promoters held 73.9 per cent stake in the company as of March 31, 2021, while FIIs held 9.5 per cent, DIIs 5.8 per cent and public and other 10.8 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
