Stock Market

What’s eating HDFC AMC? Has it grown too big for its own good, or are investors losing interest?

Synopsis

HDFC AMC has it all. The HDFC brand, INR4 lakh crore of assets under management, and a market with a rising number of retail investors. Still, on a day when the Sensex measured mount 50K, the stock fell 110 points. So, what went wrong? The story has a long prequel.

On January 21, when Indian equity benchmarks soared to new highs, with the Sensex rallying past the 50,000-mark and Nifty scaling 14,700, HDFC Asset Management Company (HDFC AMC) — India’s largest listed mutual fund house — ended the day in red.A day after reporting a ‘muted quarter’, as Kotak Institutional Equities called it, the stock price of HDFC AMC ended the trading session at INR3,097 per share (January 21), 3.4% down from the day’s

  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

Source link

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close