- HDFC Asset Management Company announced its second-quarter financial results.
- The net income for the quarter was 5.77 billion rupees, which was below the market estimate of 6.06 billion rupees.
- HDFC AMC’s revenue exceeded expectations, reaching 8.87 billion rupees compared to an 8.52 billion rupee estimate.
- Total costs for the quarter amounted to 2 billion rupees.
- Other income saw a substantial increase of 40% year-over-year, totaling 1.71 billion rupees, surpassing the estimate of 1.51 billion rupees.
- Market analysts have provided recommendations on HDFC AMC stock: 15 buy, 7 hold, and 3 sell ratings.
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A look at HDFC Asset Management Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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
HDFC Asset Management Co. Ltd. has received a high Smart Score in Dividend, indicating a strong performance in distributing profits to its shareholders. This suggests that investors looking for steady income through dividends may find HDFC Asset Management appealing. The company also scores well in Resilience and Momentum, implying a level of stability and positive market performance. However, with average scores in Value and Growth, investors may need to assess other factors before making investment decisions.
Overall, HDFC Asset Management Co. Ltd.’s Smart Scores paint a picture of a company with a solid dividend policy, resilience in challenging market conditions, and positive momentum. While not excelling in all areas, its ability to provide consistent dividends and maintain stability in the market could make it an attractive choice for certain investors.
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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