The shares of ICICI Prudential Asset Management Company gained around 2% on Tuesday after the company reported a 6% year-on-year (YoY) rise in net profit to Rs 889 crore in the July-September quarter of FY27, with brokerages maintaining their 'Buy' calls for the stock and revising target prices.
ICICI Prudential AMC shares rose to Rs 3,018.10 apiece on NSE on Tuesday morning. The company yesterday released its Q2 results, with revenue from operations rising 16.3% YoY to Rs 1,674 crore in Q2 FY27, compared with Rs 1,439 crore in Q2 FY26. Total expenses increased 17.9% to Rs 493 crore during the quarter, from Rs 418 crore a year earlier.
