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Mutual profit

HDFC AMC’s Rajat Malhotra sells shares worth ₹59 million as the stock hits an all-time high

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Published 2 years ago on Nov 01, 2019 1 minute Read

HDFC AMC, the market leader in the asset management space, listed with much fanfare last year. Investors flocked to the stock, which listed 59% higher than its issue price of Rs 1,100. Since then, the stock has continued to move higher, hitting an all-time high of Rs 3,140 in October with a strong Q2FY20 performance.

AUM growth of 25% outstripped the industry, led by non-equity (debt and liquid funds) inflow this quarter. Revenue from operations also rose 4% to Rs 4.98 billion

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