Research Reports published by MOTILAL OSWAL

Name: Latest research reports of HDFC Asset Management Company Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: HDFC Asset Management Company Ltd.
Rating: 5
Author: Motilal Oswal

Latest research reports published by Motilal Oswal

HDFC Asset Management Company Ltd.

17 Apr 2025

4459.80

5.73%

PAT beat driven by other income

Buy: HDFC Asset Management Comp...

Target

Motilal Oswal

HDFC AMC’s operating revenue was up 30% YoY/down 4% QoQ at INR9b (in line) in 4QFY25. Yields for the quarter came in at 46.6bp vs. 45.4bp in 4QFY24 and 47.5bp in 3QFY25. FY25 yields stood at INR35b, up 35% YoY.

KRChoksey decreased Buy price target of HDFC Asset Management Company Ltd. to 4920.0 on 21 Apr, 2025.

Angel One Ltd.

17 Apr 2025

2463.30

4.55%

Higher customer acquisition costs dent profitability

Buy: Angel One Ltd.

Target

Motilal Oswal

Angel One (ANGELONE) reported a total income of INR8.3b (-16% QoQ), which was broadly in line with our estimate. F&O regulations as well as weak market activity in 4QFY25 adversely impacted the company’s sequential growth.

Motilal Oswal decreased Buy price target of Angel One Ltd. to 2800.0 on 17 Apr, 2025.

Infosys Ltd.

17 Apr 2025

1451.00

2.22%

Poor 4Q but commentary springs a surprise

Neutral: Infosys Ltd.

Recommendation Target

Motilal Oswal

Infosys (INFO) reported 4QFY25 revenue of USD4.7b, down 3.5% QoQ CC/up 4.8% YoY CC vs. our estimate of 1.0% QoQ CC decline. For full year, revenue stood at USD19.2b, up 4.2% YoY CC. EBIT margins stood at 21% vs. our estimates of 20.6%. EBIT declined 3.8% QoQ/up 12.5% YoY to INR85b (est. INR87b).

Infosys Ltd. has an average target of 1909.30 from 10 brokers.

HDFC Life Insurance Company Ltd.

17 Apr 2025

712.20

-1.09%

VNB margin beats estimate; APE growth weak

Buy: HDFC Life Insurance Compan...

Target

Motilal Oswal

HDFC Life Insurance (HDFCLIFE) reported APE of INR51.9b (in line) in 4QFY25, up 10% YoY, driven by 9%/13% YoY growth in individual/group APE. For FY25, APE grew 16% YoY to INR154.8b.

HDFC Life Insurance Company Ltd. is trading above all available SMAs

Wipro Ltd.

16 Apr 2025

238.45

0.65%

Tariffs and macro uncertainty drive poor 1Q guidance

Sell: Wipro Ltd.

Recommendation Target

Motilal Oswal

Wipro (WPRO) reported 4QFY25 IT Services revenue of USD2.6b, down 0.8% QoQ in constant currency (CC), below our estimate of flat QoQ. It posted an order intake of USD3.9b (up 12.5% QoQ), with a large deal TCV of USD1.8b (up 43% QoQ).

Wipro Ltd. is trading below all available SMAs

Avalon Technologies Ltd.

16 Apr 2025

830.00

0.15%

Tariff tailwinds and growing client base boost growth outlook

Buy: Avalon Technologies Ltd.

Target

Motilal Oswal

Avalon is uniquely placed in the Indian electronics manufacturing services (EMS) sector with its well-established manufacturing presence in the US.

Avalon Technologies Ltd. has gained 60.29% in the last 1 Year

ICICI Lombard General Insurance Company Ltd.

15 Apr 2025

1841.10

2.66%

Beat on combined ratio; PAT miss due to investment income

Buy: ICICI Lombard General Insu...

Target

Motilal Oswal

ICICIGI’s gross written premium was 10% up YoY in 4QFY25 to INR69b (in line), impacted by 1/n regulation implementation for long-term products. NEP grew 20% YoY to INR52.3b (15% beat). For FY25, it grew 17% YoY to INR198b.

ICICI Lombard General Insurance Company Ltd. is trading below its 150 day SMA of 1888.4

ICICI Prudential Life Insurance Company Ltd.

15 Apr 2025

APE and VNB in line; margin expands to 22.7%

Buy: ICICI Prudential Life Insu...

Target

Motilal Oswal

ICICI Prudential Life Insurance (IPRU) reported a slight decline of 3% YoY in new business APE to INR35b (in line) in 4QFY25. For FY25, APE grew 15% YoY to INR104.1b.

ICICI Prudential Life Insurance Company Ltd. is trading below its 100 day SMA of 612.6

ABB India Ltd.

15 Apr 2025

5629.00

1.03%

Remains focused on new areas

Buy: ABB India Ltd.

Target

Motilal Oswal

ABB, in its annual report, highlighted its focus on high-growth segments and deeper penetration into Tier 2 cities, along with new product development. During the year, the company continued to benefit from demand for premium products and increased penetration into Tier 2 and Tier 3 cities.

Number of FII/FPI investors decreased from 939 to 869 in Mar 2025 qtr

Anand Rathi Wealth Ltd.

11 Apr 2025

1747.00

0.76%

Beat on PAT supported by growth in other income

Neutral: Anand Rathi Wealth Ltd.

Motilal Oswal

Anand Rathi Wealth (ARWL) reported operating revenue of INR2.2b in 4QFY25, up 20% YoY (4% miss). Overall revenue growth was driven by a strong 28% YoY growth in the MF business revenue, which reached INR1b. For FY25, overall revenue from operations grew 30% YoY to INR9.4b.

Number of FII/FPI investors decreased from 162 to 134 in Mar 2025 qtr