HDFC AMC shares jump 5% after Q2 earnings. Should you buy, sell or hold?

Date:

October 16, 2024

HDFC AMC shares surge 5% after a 32% YoY rise in Q2 profits to Rs 576.61 crore, with revenue up 38% to Rs 887.2 crore. Jefferies and CLSA raise target prices and revise EPS estimates, highlighting strong AUM growth and stable market positions despite a one-off tax impact.

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