Shares of ICICI Prudential Asset Management Company (AMC) continued their upward momentum, rising over 2 percent in early trade on the second day after listing.
The stock built on its strong debut, where it had ended nearly 19 percent above its issue price, reflecting robust investor interest. Market experts remain positive on the company’s outlook, pointing to its strong position in equity assets, consistent fund performance and growing presence in PMS and AIF segments.
Brokerages have largely advised investors to buy or hold the stock, citing healthy long-term growth prospects supported by rising equity inflows and steady profitability.