Share price of HDFC Asset Management Company Ltd. gained 0.39 per cent to Rs 4438.05 at 11:05AM (IST) in Monday’s trade. The counter hit a high of Rs 4462.1 and low of Rs 4422.4 so far during the session. The stock had closed at Rs 4420.55 in the previous session.

The counter had a total traded volume of 11:05AM shares so far with a turnover of Rs 0.6 crore on BSE. The stock traded at a price-to-earnings multiple of 45.85 and a price-to-book ratio of 11.32.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

HDFC Asset Management Company Ltd. belongs to the AMC industry.

Promotor/FII Holding
Promoters held 52.52 per cent stake in the company as of 30-Jun-2024, while FIIs and domestic institutional investors ownership stood at 20.59 per cent and 17.66 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 948.71 crore for the quarter ended 30-Jun-2024, up 11.45 per cent from the previous quarter’s Rs 851.25 crore and up 29.5 per cent from the year-ago quarter’s Rs 732.62 crore.

Its profit for the latest quarter stood at Rs 603.76 crore, up 26.47 per cent from the same quarter a year ago.