UTI Asset Management Company Experiences Revision in Stock Evaluation Amid Strong Performance Metrics

Dec 19 2024 06:37 PM IST

Share Via

UTI Asset Management Company has experienced a revision in its score by MarketsMojo, reflecting adjustments in its evaluation. Despite this change, the company continues to demonstrate robust financial metrics, including a solid Return on Equity and consistent profit growth over recent quarters, maintaining a favorable market position. On December 19, 2024, MarketsMojo adjusted its evaluation of UTI Asset Management Company, downgrading the stock call to 'Hold.' This decision comes in light of the company's impressive long-term fundamentals, including an average Return on Equity of 13.78% and a high Dividend Payout Ratio of 78.12%. The firm has shown consistent performance, reporting positive results for six consecutive quarters, with net sales reaching Rs 538.40 crore and a Profit Before Tax of Rs 333.99 crore, reflecting significant growth. Technically, the stock remains in a mildly bullish range, supported by indicators like MACD and OBV. With a Price to Book Value of 3.8, UTI Asset Management is trading at a discount compared to historical valuations. Over the past year, the stock has outperformed the BSE 500 index, generating notable returns, while also enjoying strong institutional support with a holding of 67.39%.

In a recent update, UTI Asset Management Company has experienced a revision in its score, reflecting a shift in market sentiment. This adjustment comes despite the company's robust long-term fundamentals, which include an impressive average Return on Equity (ROE) of 13.78%.

The firm has demonstrated consistent performance, reporting positive results for six consecutive quarters. Notably, it achieved a high Dividend Payout Ratio (DPR) of 78.12%, alongside net sales of Rs 538.40 crore. The latest quarter also saw a Profit Before Tax (PBT) of Rs 333.99 crore, marking a significant growth of 29.9%.

From a technical perspective, UTI Asset Management is currently positioned within a mildly bullish range, supported by various indicators such as MACD and On-Balance Volume (OBV). The stock's valuation appears fair, with a Price to Book Value of 3.8, suggesting it is trading at a discount relative to its historical valuations.

Over the past year, UTI Asset Management has delivered a remarkable return of 48.57%, significantly outpacing the BSE 500 index, which recorded a return of 18.01%. Additionally, the company enjoys a strong institutional holding of 67.39%, reflecting considerable confidence from institutional investors.

In light of these factors, UTI Asset Management has also been added to MarketsMOJO's list, indicating a recognition of its potential in the current market landscape. Investors will be keen to monitor how these developments influence the stock's trajectory moving forward.

{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)

MOJO SCORE