UTI AMC Stock Shows Strong Performance, Rated 'Hold' by MarketsMOJO

UTI Asset Management Company (UTI AMC) has shown a strong performance in the stock market, gaining 7.17% on October 28, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock opened with a gain of 2.13% today, outperforming the sector by 7.06%. This is a positive sign for investors, as the stock has gained after 7 consecutive days of fall. The intraday high of Rs 1243.4 (8.07%) also indicates a bullish trend for the company.

UTI AMC's moving averages are higher than the 50-day, 100-day, and 200-day moving averages, which is a good sign for the company's stock performance. However, it is lower than the 5-day and 20-day moving averages, indicating some short-term volatility.

Investors can also benefit from the company's high dividend yield of 4.08% at the current price. This is a good opportunity for those looking for stable returns from their investments.

In comparison to the Sensex performance, UTI AMC has outperformed with a 1-day performance of 6.73% compared to Sensex's 0.36%. Even in the past month, UTI AMC has shown a better performance with a -1.62% return, while Sensex has seen a decline of -6.88%.

Overall, UTI Asset Management Company has shown a strong performance in the stock market and has the potential to provide stable returns to investors. With a 'Hold' rating from MarketsMOJO, it is a stock worth considering for those looking to invest in the finance/NBFC industry.