HDFC AMC offers more bang for buck, valuation still stretched1 min read 24 Aug 2018, 08:31 AM IST
Some analysts view HDFC AMC's valuation as still rich, which explains the fact its share price has hardly gained since its listing premium
The first quarter earnings of HDFC Asset Management Co. Ltd (HDFC AMC) have given investors plenty of reasons to justify the lofty valuation its stock commands. For starters, the HDFC AMC reported a healthy 25% growth in its net profit and this was backed by a strong 29% growth in operating revenue.
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