HDFC AMC LTDLong
Is there a really good breakout waiting?
HDFCAMC CMP-2297
Incorporated in 1999, HDFC Asset Management Company Ltd provides Fund Management Services.
i) Company is almost debt free.
ii) Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%.
iii) Company has been maintaining a healthy dividend payout of 63.6%.
Currently stock traded on breakout zone.
this can go upto 2583/2701.95/3000 price range within very less duration if succefully breakout happens.
First support would be 2254 as of current price action and thereafter 2213.55 and this levels work as stop loss also.
For make a new log position in this script try to buy with multiple tranches and if already is in portfolio then hold.
And one more things keep in mind that mutual fund and FII will probably restructuring there portfolio in this group because of marge of HDFC ltd & HDFC Bank and this going to change there holding pattern as well in this group.
Incorporated in 1999, HDFC Asset Management Company Ltd provides Fund Management Services.
i) Company is almost debt free.
ii) Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%.
iii) Company has been maintaining a healthy dividend payout of 63.6%.
Currently stock traded on breakout zone.
this can go upto 2583/2701.95/3000 price range within very less duration if succefully breakout happens.
First support would be 2254 as of current price action and thereafter 2213.55 and this levels work as stop loss also.
For make a new log position in this script try to buy with multiple tranches and if already is in portfolio then hold.
And one more things keep in mind that mutual fund and FII will probably restructuring there portfolio in this group because of marge of HDFC ltd & HDFC Bank and this going to change there holding pattern as well in this group.
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