UTI AMC Reaches All-Time High Price, Outperforms Sector and Sensex

UTI Asset Management Company (UTI AMC) has recently reached an all-time high price on October 30, 2024. The stock has been performing well in the market, with a current price of Rs 1304.6, which is 3.05% away from its 52-week high of Rs 1342. This has led to a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

In today's trading session, UTI AMC has outperformed the sector by 8.23%, showing a consecutive gain for the last 3 days and a rise of 13.18% in that period. The stock also touched an intraday high of Rs 1304.6, which is an increase of 8.18%.

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

In comparison to the Sensex performance of 24.73%, UTI AMC has shown a remarkable 1-year performance of 76.94%. This showcases the company's strong growth and potential in the finance/NBFC industry, despite being a midcap company.

UTI Asset Management Company has been consistently delivering positive results and has gained the trust of investors. With its recent all-time high price and strong performance, the company continues to be a promising player in the market.