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