HDFC AMC Shares Touch All-Time High Amid Q2 Profit Surge and Bonus Issue Hype

ement Company Ltd's stock rocketed nearly 3% to a record peak on Thursday, riding high on glowing brokerage feedback after stellar Q2 FY26 results and a bonus share proposal, before fading into slight losses. The shares climaxed at a 52-week high of Rs 5,934.5 apiece on the BSE, reflecting market enthusiasm for the fund house's performance. However, profit-taking ensued, leaving the stock marginally down by the close. HDFC AMC delivered a robust 25% year-on-year net profit jump to Rs 718.43 crore for the July-September quarter, up from Rs 576.61 crore last year. Revenue from operations climbed 16% to Rs 1,027.40 crore, driven by expanding assets under management and fee income growth. The cherry on top: a proposed 1:2 bonus issue, underscoring management's optimism. Brokerages piled on the positivity—CLSA raised its target to Rs 6,200 with a 'Buy' rating, praising operational leverage, while ICICI Securities echoed the bullish call at Rs 6,100, citing sustained equity inflows and cost efficiencies. With AUM hitting new milestones, HDFC AMC looks primed for further upside, though volatility could linger in a rate-sensitive market.