HDFC Asset Management Company Ltd gains for third straight session

HDFC Asset Management Company Ltd is up for a third straight session today. The stock is quoting at Rs 3055, up 2.61% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.26% on the day, quoting at 14832.75. The Sensex is at 50422.04, up 1.25%. HDFC Asset Management Company Ltd has gained around 0.97% in last one month.

Meanwhile, Nifty Financial Services index of which HDFC Asset Management Company Ltd is a constituent, has gained around 7.73% in last one month and is currently quoting at 16208.9, up 0.98% on the day. The volume in the stock stood at 2.37 lakh shares today, compared to the daily average of 3.74 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 3068.95, up 2.54% on the day. HDFC Asset Management Company Ltd is down 4.11% in last one year as compared to a 23.82% jump in NIFTY and a 15.12% jump in the Nifty Financial Services index.

The PE of the stock is 50.36 based on TTM earnings ending December 20.

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