UTI Asset Management Company Sees Notable Adjustment in Evaluation Amid Strong Performance UTI Asset Management Company has recently experienced a notable adjustment in its evaluation, reflecting its robust performance metrics and market position. The company, a key player in the finance and non-banking financial company (NBFC) sector, has demonstrated strong long-term fundamental strength, highlighted by an impressive average Return on Equity (ROE) of 13.78%. In a positive trend, UTI Asset Management has reported positive results for six consecutive quarters, showcasing its resilience and operational efficiency. The company achieved its highest net sales in the last quarter, amounting to Rs 538.40 crore, while its profit before tax (PBT) less other income grew significantly by 29.9%, reaching Rs 333.99 crore. The stock is currently positioned within a bullish technical range, with various indicators such as MACD and Bollinger Bands signaling favorable conditions. Additionally, UTI Asset Management boasts a high dividend yield of 3.5% and strong institutional holdings at 67.39%, indicating confidence from larger investors. Given these factors, UTI Asset Management Company has been added to MarketsMOJO's list, further underscoring its strong market performance and solid fundamentals.

Dec 30 2024 07:26 PM IST
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UTI Asset Management Company has seen a revision in its score from MarketsMojo, reflecting its strong performance in the finance sector. The firm has consistently delivered positive results, including impressive net sales and profit growth. Additionally, it has been added to MarketsMojo's list, highlighting its robust market position and technical indicators signaling positive momentum.
UTI Asset Management Company has recently experienced a notable adjustment in its evaluation, reflecting its robust performance metrics and market position. The company, a key player in the finance and non-banking financial company (NBFC) sector, has demonstrated strong long-term fundamental strength, highlighted by an impressive average Return on Equity (ROE) of 13.78%.

In a positive trend, UTI Asset Management has reported positive results for six consecutive quarters, showcasing its resilience and operational efficiency. The company achieved its highest net sales in the last quarter, amounting to Rs 538.40 crore, while its profit before tax (PBT) less other income grew significantly by 29.9%, reaching Rs 333.99 crore.

The stock is currently positioned within a bullish technical range, with various indicators such as MACD and Bollinger Bands signaling favorable conditions. Additionally, UTI Asset Management boasts a high dividend yield of 3.5% and strong institutional holdings at 67.39%, indicating confidence from larger investors.

Given these factors, UTI Asset Management Company has been added to MarketsMOJO's list, further underscoring its strong market performance and solid fundamentals.
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