'Buy' HDFC AMC Stock Says Centrum Broking After Its Q3 Results; Sees 29% Upside; Here's Why

HDFC AMC’s market share in quarterly average assets under management increased 30 basis points YoY to 11.5% and actively managed equity QAAUM grew 20 bps YoY to 12.8%..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..Centrum Broking Report.HDFC Asset Management Company Ltd. had a strong quarter with PAT of Rs 6.4 billion (10% ahead of our estimate) with quarterly average assets under management of Rs 7.9 trillion at end-Q3 FY25. Actively managed equity segment grew 51% YoY to Rs 4.8 trillion. The overall market share increased by 30 bps YoY to 11.5% and actively managed equity QAAUM grew 20 bps yoy to 12.8%. Yield stood at 47 bps at the end of both, Q3 FY25 and 9M FY25. Distribution trends remained broadly stable, although the direct channel is growing stronger. We roll over valuation to FY27 with a revised target price target price of Rs 4,990 (versus Rs 4,545 earlier), valuing the company at an unchanged multiple of 36 times. We upgrade HDFC AMC to Buy with a potential upside of 29% based on:strong numbers and14% price decline over the last three months..Click on the attachment to read the full report:.HDFC AMC Q3 Results Review - Yes Securities Recommends 'Add' On The Stock; Sees 16% Upside; Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

'Buy' HDFC AMC Stock Says Centrum Broking After Its Q3 Results; Sees 29% Upside; Here's Why

Centrum upgrades HDFC AMC to Buy and revises upwards the target price.

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