HDFC AMC Shares Surge 4% Amid Brokerage Optimism Over 'Largely Stable' Q4 Performance

HDFC AMC Shares Rise 4% on 'Decent' March Quarter Results

Shares of HDFC Asset Management Company (AMC) surged 4% on April 17, as brokerages viewed the March quarter results as 'decent' and "largely stable".

HDFC AMC on Thursday reported a 2.4% decline in consolidated profit after tax (PAT) at Rs 622.66 crore for the three months ended March 2026. This compares to a PAT of Rs 638.46 crore in the year-ago period, as per the fund house's regulatory filing.

However, revenue from operations grew 17% year-on-year to Rs 1,051.51 crore in the quarter under review. The company's board has recommended a final dividend of Rs 54 per equity share for the financial year ended March 31, 2026, subject to shareholders' approval.

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For the full financial year FY26, the fund house's profit after tax grew 16% year-on-year to Rs 2,858.06 crore, and revenue from operations rose 18% to Rs 4,122.16 crore.

At 10:21 am on April 17, HDFC AMC shares were trading 3.9% higher at Rs 2,766.3 apiece. Analysts at HSBC gave a target of Rs 2,600 with a 'Hold' rating, while Kotak Institutional Equities gave a 'Buy' rating for the HDFC AMC stock with a target price of Rs 2,950.

HDFC AMC was the top gainer on the Nifty Capital Markets index, which was trading 1.5% higher in the morning trade. Other AMC stocks like UTI AMC, Nippon Life AMC, and Canara Robeco AMC were trading 2.8%, 2.2%, and 1.86% higher, respectively.

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