UTI Asset Management up by 8.37% | Espresso Shot of the Day

EspressoLogy

Espresso Shot of the Day – UTI Asset Management up by 8.37 percent

November 30, 2021
Espresso Shot of the Day – UTI Asset Management up by 8.37 percent

UTI Asset Management Company Ltd. 1093.45 (+8.37%) BSE – INE094J01016 | Nov 30, 2021

UTI Asset Management Co. Ltd. (UTI AMC) is a professionally managed company led by its proficient Board of Directors having expertise in diverse fields and a dedicated management team having requisite talent and experience. UTI AMC has been managing assets across different businesses. These include domestic mutual funds, portfolio management services, international business, retirement solutions, and alternate investment assets. UTI Mutual Fund has a long and distinguished pedigree, along with a nationwide distribution network spread across the length and breadth of the country. UTI Mutual Fund has a competent and professional fund management team to take care of investments and a strong in-house research team to track, research and evaluate macro-economic indicators, capital markets and financial sectors. It has appropriate and robust risk-management processes and follows a five-layered investment management structure: Advisory, Decision Making, Execution, Fund Accounting and Control.


Recent Drivers

  • On Oct 29, 2021, the company had reported growth in profit by 67.56% to Rs 198.74 crores in the quarter ended Sept 2021 as against Rs 118.61 crores during the previous quarter ended Sept 2020.
  • On Oct 29, 2021, the company had reported growth in sales by 37.79% to Rs 380.37 crores in the quarter ended Sept 2021 as against Rs 276.05 crores during the previous quarter ended Sept 2020.
  • On Oct 27, 2021, the company appointed Anurag Mittal as executive vice-president and the deputy head of fixed income for its mutual fund operations.
  • On Oct 8, 2021, UTI Asset Management Company allotted 12,123 equity shares under ESOP.
  • On Sep 8, 2021, UTI Asset Management Company applied for private placement of equity shares of AMC Repo Clearing (ARCL) by paying an application amount of Rs 5,93,88,000, which constituted 3.96% of paid-up equity share capital of ARCL.
(Sources: Business Standard, Economic Times)


Technical Force*

  • S&P BSE 200 month till date gain up by -2.97%
  • 3 months avg. NSE volume: 207,315
  • Quantity traded: 14,082 | Deliverable quantity: 5,540 (39.34%)
  • Stock price has jumped more than 100% from one-year-low level: 533.35 (Dec 3, 2020)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 1216.55 | 52-week-low: 533.35


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

708.55

644.15

599.90

535.50

491.25

426.85

382.60

    -

Fibonacci Pivot

644.15

602.65

577.00

560.49

535.50

510.51

494.00

468.35

426.85


Today’s Close

1093.45

SMA

BSE

10 DAY

1046.79

20 DAY

1078.56

50 DAY

1076.70

200 DAY

858.08


Some Key Ratios (Source: BSE)

Market Cap: 13,871.31 crores

PE: 31.99

OPM%: -

ROE%: 14.93

Promoters holding%: -

Prev. Close:1009

*Chart and Technical Force data from the Binge desktop app
References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.