What caused AMC shares to rise recently?

AMC shares rose due to strong earnings reported in the December quarter.

How did HDFC AMC perform in the latest earnings report?

HDFC AMC reported a 15% increase in operating revenue and a 20% increase in profit after tax.

Are smaller AMC schemes affected by TER reduction?

According to HDFC, smaller schemes appear to be less impacted by TER reduction.

Home / Business and Economy / AMC Shares Rise on Strong Quarterly Earnings

AMC Shares Rise on Strong Quarterly Earnings

17 Jan

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Summary

AMC shares experienced a rise on Friday.
Newly listed AMCs like HDFC AMC saw significant gains.
HDFC AMC reported a 20% increase in profit after tax.

AMC Shares Rise on Strong Quarterly Earnings

AMC shares experienced a significant uptick on Friday, driven by robust earnings results from the December quarter. This positive momentum extended to newly listed entities in the asset management sector, with ICICI Prudential AMC, Canara Robeco AMC, and HDFC AMC all recording notable gains.

The financial performance of HDFC AMC was particularly strong. The company announced a 15% increase in its operating revenue and a 20% surge in profit after tax. This impressive financial growth led to a 23% upward revision in its target price, reflecting investor confidence.

Further analysis from HDFC indicated that smaller schemes within the asset management industry are less susceptible to the impact of Total Expense Ratio (TER) reductions. This suggests a nuanced market dynamic where different scheme sizes may experience varying effects from regulatory changes.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.