UTI Asset Management Company Receives 'Buy' Rating from MarketsMOJO, Strong Fundamentals and Impressive Performance Drive Upgrade
UTI Asset Management Company, a leading finance and NBFC company in the midcap industry, has recently received a 'Buy' rating from MarketsMOJO on 30th October 2024. This upgrade comes as a result of the company's strong long-term fundamental strength, with an average Return on Equity (ROE) of 13.78%.In addition, UTI Asset Management Company has consistently delivered positive results for the past 6 quarters, with its DPR(Y) at a high of 78.12% and NET SALES(Q) at Rs 538.40 crore. Its PBT LESS OI(Q) has also shown a growth of 29.9%. These impressive numbers reflect the company's strong financial performance and stability.
From a technical standpoint, the stock is currently in a bullish range and has shown improvement from a mildly bullish trend on 30th October 2024. Multiple technical indicators such as MACD, Bollinger Band, KST, and DOW are also pointing towards a bullish trend for the stock.
Moreover, with a ROE of 19.4, UTI Asset Management Company is fairly valued with a price to book value of 3.8. It is currently trading at a discount compared to its historical valuations, making it an attractive investment opportunity. In the past year, the stock has generated a return of 70.03%, while its profits have increased by 49.4%. The PEG ratio of the company is also at a low of 0.4, indicating its potential for future growth.
Furthermore, the company has a high dividend yield of 3.7%, making it an attractive option for investors looking for stable returns. Its institutional holdings are also at a high of 67.39%, indicating the confidence of these investors in the company's fundamentals and potential for growth.
In conclusion, UTI Asset Management Company has shown a strong financial performance and is expected to continue its market-beating performance. With its solid fundamentals, attractive valuations, and high institutional holdings, the stock is a 'Buy' for investors looking for a promising midcap company in the finance/NBFC industry.
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