HDFC Asset Management Company (HDFC AMC) shares hit a record high of Rs 4,573.85, gaining 2% on the BSE during Tuesday's intraday trade. The surge came ahead of the company's Q2 FY25 earnings report. Following the release of strong Q2 results, HDFC AMC shares continued to rise, gaining 1.5% and hitting a 52-week high. The stock advanced for the seventh consecutive session, with trading volume at 1.5 times the 20-session average. Brokerages, including Nuvama and CLSA, have upgraded their ratings and increased target prices, with Nuvama setting a new target of ₹5240 and CLSA raising its target to ₹4920. HDFC AMC's market capitalization reached Rs 1 trillion, and the company is among the top gainers on the Nifty 500 index, having gained over 5.5% in Wednesday's trading session.