HDFC Asset Management Company Sees Significant Block Trade on NSE 8 days ago
HDFC Asset Management Company Ltd. experienced a significant block trade on the National Stock Exchange. The transaction involved 95,931 shares at Rs. 5,171.60 per share, totaling Rs. 49.61 crores. This large-scale trade indicates continued interest from institutional investors in HDFC AMC, one of India's leading asset management firms.
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More news about HDFC AMC
07Mar 25
HDFC Asset Management Company Sees Significant Block Trade on NSE
A significant block trade of HDFC Asset Management Company Ltd. shares occurred on the National Stock Exchange. Approximately 50,657 shares were traded at an average price of Rs. 3,882.95 per share, totaling Rs. 19.67 crores. This large-scale transaction suggests potential institutional activity or a major shareholder movement, although the specific reasons behind the trade are not immediately clear.
HDFC Asset Management Company's stock has fallen 15% over four months, contrasting with its 31% year-on-year increase in Q3FY25 net profit. Analysts remain optimistic, with Motilal Oswal setting a ₹4,800 target price and Prabhudas Lilladher revising to ₹4,450. The disconnect between stock performance and financial results raises questions about market sentiment, competitive landscape, and valuation concerns.