UTI AMC's Stock Reaches All-Time High, Outperforms Sector and Offers High Dividend Yield

UTI Asset Management Company (UTI AMC) has been making waves in the finance industry, with its stock price reaching an all-time high on October 31, 2024. The company, which operates in the non-banking financial sector, has been gaining traction in the market and has been recommended as a 'Buy' by MarketsMOJO.

The stock is currently trading at a price that is only 1.57% away from its 52-week high of Rs 1349.6. In fact, it has outperformed the sector by 4.35% today, making it a top performer in the market. This is also the fourth consecutive day that the stock has been gaining, with a remarkable 15.49% increase in returns during this period.

UTI AMC's intraday high of Rs 1328.8, which is a 3.67% increase, further solidifies its strong performance in the market. The company is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

Investors will also be pleased to know that UTI AMC offers a high dividend yield of 3.66% at its current price. This, coupled with its impressive 1-year performance of 79.78%, compared to Sensex's 24.88%, makes it a promising investment option in the finance industry.

UTI Asset Management Company has been making steady progress in the market, and its recent all-time high is a testament to its strong performance and potential for growth. With its consistent gains and high dividend yield, it is definitely a stock to watch out for in the midcap segment.