HDFC AMC was raised to ‘add’ by Kotak Institutional Equities, although its target price was reduced by Rs 75 to Rs 1,900.
According to the brokerage, HDFC AMC’s valuation after its recent drop makes the risk reward appealing.
According to Kotak, the stock price sufficiently represents the company’s disadvantages.
According to the brokerage, many of the negative aspects of HDFC AMC are already well-known.
In comparison to the previous 12 months, HDFC AMC equity funds have seen a significant improvement. According to the brokerage, product launches planned over the next 12 months will help the company’s earnings.
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