HDFC Asset Management Faces Ongoing Challenges Amid Broader Market Declines

Feb 12 2025 10:15 AM IST
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HDFC Asset Management Company has faced a significant decline, with shares falling for five consecutive days and a total drop of 9.69%. The stock is trading below key moving averages and has underperformed compared to the broader finance sector, reflecting ongoing challenges in the market.
HDFC Asset Management Company has experienced a notable decline today, with shares down by 3.06% as of February 12, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for five consecutive days, resulting in a total decline of 9.69% over this period.

In today's trading, HDFC AMC reached an intraday low of Rs 3590.4, reflecting a decrease of 2.78%. The stock's performance has underperformed the broader finance and non-banking financial company (NBFC) sector, which itself has seen a decline of 2.05%.

HDFC AMC is currently trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position. Over the past month, the stock has dropped by 7.28%, contrasting with the Sensex, which has only declined by 2.40%. This performance highlights the ongoing challenges faced by HDFC Asset Management Company within the current market landscape.
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