ICICI Securities maintains Add rating on HDFC AMC, lowers target price to Rs 4,400 Jobbery Stock Market update

ICICI Securities recommends an ADD call on HDFC Asset Management with a target price of Rs 4,400. HDFC AMC, a major player in financial services, reported significant growth in core EBITDA driven by better yields. The company showed a strong performance in equity market shares and SIP flows, suggesting optimistic future business metrics.