
Nomura has maintained a buy call on HDFC Asset Management Company (AMC), setting a target price of ₹5,250/share, implying a 34.72% upside from its current market price of ₹3,899.05.
The brokerage highlights a 6% beat in operating profit, driven by higher operating revenue and lower expenses. It projects a 20% operating profit CAGR over FY25-27, aligned with the company’s strong growth in assets under management (AUM). Nomura has also raised its FY25-27 EPS estimates by 2-3%.
Could this insurance stock be a long-term opportunity?
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