Investment income boosts HDFC AMC net 42% at Rs 292 cr in Q1; assets under management up at Rs 3.56 lakh cr
In anticipation of the earnings announced after the market hours, the HDFC AMC counter rallied 3.08 percent to Rs 1,994.30 on the BSE as against the 0.60 percent gains on the benchmark.
HDFC AMC shares tank nearly 7% as firm decided to provide liquidity to fixed maturity plan schemes of HDFC MF
In a BSE filing on Monday, HDFC AMC said it has decided to provide a liquidity arrangement to certain fixed maturity plan schemes of HDFC MF
Six stocks, Bajaj Holdings & Investment, Divi's Laboratories, HDFC Asset Management Company Ltd, Hindustan Petroleum Corporation, Page Industries and United Breweries will be included in the Nifty Next 50 index
Shares of Edelweiss Financial Services plunged 8.43 percent, Indiabulls Housing Finance 7.57 percent, PNB Housing Finance 7.56 percent, Cholamandalam Investment and Finance Company 7.15 percent, Can Fin Homes 6.39 percent and Gruh Finance 5.88 percent on BSE.
HDFC AMC's net profit jumps 25% to Rs 205.26 crore in June quarter; total revenues rises to Rs 501.15 crore
HDFC AMC is the second-largest fund house in the country in terms of total assets under management after ICICI Prudential Mutual Fund.
HDFC Mutual Fund gets SEBI nod for IPO; company to offer up to 2.21 crore equity shares to the public
IPO offers up to 2.54 crore equity shares of the fund house through an offer for sale of 85.92 lakh shares by HDFC and up to 1.68 crore shares by Standard Life