Motilal Oswal Maintains 'Buy' On HDFC AMC Stock, Say Large Headroom For Growth Ahead

Motilal Oswal reiterates Buy rating on the stock with a target price of Rs 4,800 (premised on 38 times FY27E core EPS).

HDFC AMC’s strategic initiatives to help maintain its top position, says Motilal Oswal.

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HDFC AMC’s growth is expected to be driven by enhancing its core capabilities investment management, risk management, and product management complemented by investments in its sales network relationship, service capabilities, and content.

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Motilal Oswal Report

HDFC Asset Management Company Ltd. has been one of the top-performing players in the industry, benefitting from an experienced team with a strong track record, best-in-class cost management, upside from the HDFC channel, and continued investments to enhance capabilities.

The company’s wide expertise in the industry provides it with an edge over many peers who have recently entered the industry.

We have cut our EPS estimates by 6% each for FY26/27 to account for the impact of weak market performance on markt-to-market and slower growth of equity AUM.

We reiterate our Buy rating on the stock with a target price of Rs 4,800 (premised on 38 times FY27E core EPS).

Click on the attachment to read the full report: 

Motilal Oswal HDFC AMC Update.pdf
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Also Read: Shree Cement — Earnings Growth, Superior Profitability Priced In, Says Motilal Oswal Maintaining 'Neutral'

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