Tuesday's Spotlight: HDFC Asset Management Seeks Rebound After Recent Slump

HDFC Asset Management Company (HDFC AMC) faces a critical test as markets open on Tuesday, February 18, 2025. The stock has experienced a challenging period, declining for five consecutive days with a total drop of 9.69% as of February 12. Despite this setback, HDFC AMC reported strong Q3FY25 results with a 31% jump in profit to ₹641 crore and 39% revenue growth. Analysts are closely watching for signs of a potential rebound, with major resistance expected at ₹4,149.25. Investors remain cautious as HDFC AMC trades below key moving averages, reflecting ongoing market volatility in the finance sector.

 

Sources: Equitypandit, Marketsmojo, Economic Times