- HDFC AMC reported net income of 6.04 billion rupees, surpassing the estimated 5.73 billion rupees.
- Revenue for the first quarter was 7.75 billion rupees, slightly above the estimated 7.72 billion rupees.
- Total costs for the period were 1.96 billion rupees.
- Other income grew by 9.5% year-over-year to 1.73 billion rupees, above the 1.5 billion rupees estimated by analysts.
- Analyst recommendations: 12 buys, 8 holds, and 2 sells.
A look at HDFC Asset Management Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
In assessing the long-term outlook for HDFC Asset Management Co Ltd, the company demonstrates a strong performance in key areas based on the Smartkarma Smart Scores. With a top-notch score in Dividend at 5, investors can expect consistent and attractive dividend payouts from the company. This signifies HDFC Asset Management’s commitment to rewarding shareholders.
Furthermore, the company shows resilience with a score of 4, indicating its ability to weather market fluctuations and challenges. This stability is crucial for long-term investors seeking steady growth in their investment portfolios. While the Value score of 2 indicates room for potential improvement, HDFC Asset Management’s Growth score of 3 suggests moderate growth prospects ahead. Overall, the company’s solid scores across different factors position it favorably for investors looking for a reliable and dividend-yielding investment option in the asset management sector.
Summary: HDFC Asset Management Co. Ltd. operates as an investment management firm in India. They provide portfolio management and advisory services to a diverse range of clients, including individuals, institutions, trusts, private funds, charitable organizations, and investment companies.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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