HDFC AMC share price: Domestic brokerage firms continue to remain positive on HDFC Asset Management Company after the analyst meet hosted by the management team.
An analyst from Master Capital said that HUL's prices have recently broken out from a falling trend line resistance and are currently undergoing a corrective phase, testing the breakout point.Â
HDFC AMC shares jumped 1.58 per cent to a high of Rs 3,471.70 .90 on BSE in a knee-jerk reaction to quarterly earnings. The stock hit a 52-week high of Rs 3,490 today.
Shares of HDFC AMC have gained more than 82 per cent from its 52-week low hit on March 20, 2023. The stock has rallied about 35 per cent in the year 2023 so far.
A flag breakout on the weekly timeframe recently suggests a continuation of the upward trend in HDFC AMC. The bullish crossover of 50- and 100-DMA is implying strength.
Karur Vysya Bank: Jhunjhunwala held 4.50 per cent stake while Ashish Dhawan (1.3 per cent stake) and Mukul Agrawal (1.25 per cent) also held over one per cent stake in the bank at the end of June quarter.
SBI Life has convincingly broken out of a medium term 'multiple resistance' zone at around Rs 1,340 level on the weekly chart, signalling continuation of an upward momentum.
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