HDFC AMC Shares Drop 3% After Cyber Security Incident Disclosure
Shares of HDFC Asset Management Company Limited fell sharply on Monday, 18 May, hitting a day low of Rs 2,602.20 on the NSE after the fund house disclosed a cyber security incident that took place over the weekend.
The disclosure weighed on investor sentiment early in the session.
In an exchange filing, HDFC AMC revealed it received a communication from an anonymous source on 16 May 2026, claiming access to certain portions of its IT infrastructure. The company said it immediately activated its containment and incident response protocols and brought in a specialist firm to assess the potential impact.
The fund manager was quick to add context. Based on its initial review, the incident is unlikely to affect the day-to-day running of the business, and there does not appear to be any material impact on operations so far.
The detailed assessment is still ongoing. The company said the disclosure was made proactively while the assessment remains ongoing.
Coming into this week, the Mumbai-based asset manager had already reported a mixed set of March quarter numbers. Standalone net profit dipped around 2% year-on-year to Rs 623.29 crore in Q4 FY26.
Revenue from operations told a different story, climbing 16.56% YoY to Rs 1,050.48 crore during the same period.
At 12:40 pm, the stock was trading at Rs 2,618.40 on the NSE, down 3.15% from Friday’s close of Rs 2,703.50. The 52-week range runs from Rs 2,205.60 to Rs 2,967.25, and the stock is up around 10% over the past year.
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