Page 3 - Uti Amc

UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally

The overall trend for asset management shares continues to remain bullish, say charts.

UTI AMC, Punjab National Bank shares jump on the stake sale plans

The stake is valued at around Rs 1,437 crore at UTI AMC's last closing price of Rs 743.5

PNB surges 8% to hit 21-month high on govt's nod to divest stake in UTI AMC

PNB received the government's approval to divest its entire stake in UTI Asset Management Company (AMC) as part of its non-core asset sale plan and shore up its capital base.

PNB gets Centre's approval to divest its entire stake in UTI AMC

The bank holds 15.22 per cent stake in UTI AMC worth around Rs 1300 crore at current valuation

Listed asset management companies see subdued profit growth in Q2

The brokerage has set a March 2024 target of Rs 2,470 for HDFC AMC and Rs 400 for Nippon India AMC

Investors could continue to allocate to equity funds, says UTI AMC CIO

Investors should be guided by valuations in determining risk and allocation rather than events that cannot be predicted, said Vetri Subramaniam

UTI AMC falls 5% as co denies reports of stake sale to Tata Group

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house

UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion

Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC

According to technical analyst from HDFC Securities, Chalet Hotels is trying to find support at 50 days EMA, whereas, UTI AMC has formed a bullish 'hammer' candlestick pattern on the chart.

Listed AMCs see a muted January-March quarter due to pressure on yields

UTI AMC saw its profit after tax drop 60 per cent year-on-year (YoY), while Aditya Birla Sun Life AMC saw its profits increase just 1 per cent

UTI AMC slides 7% on disappointing December quarter earnings

In Q3, the company's revenue from operation declined 10 per cent YoY at Rs 309 crore, while profit after tax was down 9 per cent YoY at Rs 127 crore.

We have a bias towards large-caps at this point: UTI AMC CIO Subramaniam

We are long-term bullish about the prospects for Indian equities driven by the potential for growth across sectors, said UTI AMC CIO

'Hard to say that markets have factored in the impact of the third wave'

In terms of valuation matrix like P/E or P/BV, many stocks forming part of the broad index would be expensive compared to long-term averages, Sachin Trivedi of UTI AMC said

UTI AMC first quarter after-tax profit soars 53% to Rs 155 crore

UTI AMC is the investment manager of UTI Mutual Fund.

UTI AMC hits new high ahead of results, rallies 111% from October lows

The stock hit a new high of Rs 994, up 79 per cent from its initial public offer issue price of Rs 554 per share

UTI Officers' Association moves top court in 26% stake sale case

Bombay HC recently dismissed the case citing delay in filing

IRFC, UTI AMC likely to get added in FTSE indices during rebalancing

China-based Fosun Pharma-led Gland Pharma also meets the qualification criteria, but limited room for overseas investment could spoil its chances

Street signs: MF fancy UTI AMC, analysts positive on road builders

Several MF houses bought shares of peer UTI Asset Management Company during the March quarter

UTI AMC hits 52-week high as firm returns to profit in March quarter

The shares of the company have gained nearly 16 per cent over its issue price of Rs 554

'Longer duration funds may not be able to perform like they did last year'

Investors should stay true to their asset-allocation for investing for long-term goals. They may look at accrual-oriented funds, like the low duration and short-term funds