UTI AMC's Impressive Performance and High Dividend Yield Make it a Top Choice for Investors

UTI Asset Management Company (UTI AMC) has been making waves in the finance industry with its impressive performance in the stock market. On October 16, 2024, the company's stock price reached a 52-week high of Rs. 1342, which is also an all-time high for the company. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock has been on a winning streak, outperforming the sector by 7.45% and gaining 10.61% in just the last two days. This is a testament to the company's strong financials and growth potential. In fact, UTI AMC is currently trading higher than all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

One of the most attractive aspects of UTI AMC is its high dividend yield of 3.81% at the current price. This makes it an attractive investment option for those looking for stable returns. In comparison, the company's 1-year performance has been an impressive 64.90%, while the Sensex has only seen a 23.34% growth in the same period.

UTI AMC's success can be attributed to its strong position in the finance industry, specifically in the non-banking financial sector. As a midcap company, it has shown remarkable growth and has become a top choice for investors. With its consistent performance and high dividend yield, UTI AMC is definitely a stock to watch out for in the finance industry.