“Sectoral profits vary from 2% to 17% of profit pools. So, you would ideally want to buy these sectors when they are at the lowest end of the profit pool share in a cyclical sector and which is what we think that there is a potential trade which could last maybe another two-three-four years if … Read more
Mumbai: Asset management companies surged up to 12% in Wednesday’s trading as strong second-quarter results by the largest listed fund house HDFC Asset Management fuelled sentiment. Aditya Birla Sun Life Asset Management Company surged 11.5% to end at ₹779, UTI AMC rose 7.6% to ₹1,326, HDFC AMC gained 5.8% to ₹4,833 and Nippon Life India … Read more
Shares of multibagger HDFC Asset Management Company (AMC) have been downgraded by Kotak Institutional Equities despite growth tailwinds remaining the strongest. The company’s outperformance over its peers is fully priced in at the current valuations, Kotak said in a note as it slashed the stock’s fair value to Rs 3,750, a 1.5% climbdown from Tuesday’s … Read more