UTI AMC Outperforms in Stock Market with Strong Performance and Positive Trend

UTI Asset Management Company (UTI AMC) has shown a strong performance in the stock market, gaining 6.28% on October 30, 2024. This midcap company in the finance/NBFC industry has been recommended as a 'Hold' by MarketsMOJO.

The stock is currently trading close to its 52-week high of Rs 1342, with a 4.87% difference. It has also outperformed the sector by 6.18% in today's trading session. UTI AMC has been on a consecutive gain streak for the last 3 days, with a 11.23% increase in returns during this period. The stock reached an intraday high of Rs 1281.7, showing a 6.28% rise.

In terms of moving averages, UTI AMC is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance. Additionally, the company offers a high dividend yield of 3.89% at the current price.

Comparing the performance of UTI AMC with the Sensex, the stock has outperformed with a 1-day performance of 6.72% while the Sensex has shown a negative performance of -0.09%. In the last month, UTI AMC has also outperformed the Sensex with a 3.83% increase compared to the Sensex's -4.75% performance.

Overall, UTI Asset Management Company has shown a strong performance in the stock market, making it a promising investment option for investors. With its consistent gains and positive trend, the company is definitely one to watch out for in the finance/NBFC industry.