HDFC AMC Q1 results: Net profit rises by 42%, shares trade 4% higher
Country's largest mutual fund manager, HDFC AMC has reported a 42% rise in net profit for the first quarter this fiscal. The profits are majorly driven by an upside jump in assets under management.
Seeing the positive results, Dalal Street took it with both hands, as the shares traded 4% higher. The shares of HDFC AMC shares closed at Rs 2,012 on BSE on Tuesday. Reuters