UTI Asset Management Company gains on making additional investment in UTI Capital
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UTI Asset Management Company is currently trading at Rs. 827.65, up by 9.85 points or 1.20% from its previous closing of Rs. 817.80 on the BSE.
The scrip opened at Rs. 815.00 and has touched a high and low of Rs. 834.90 and Rs. 815.00 respectively. So far 2067 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1215.95 on 08-Sep-2021 and a 52 week low of Rs. 595.00 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 838.00 and Rs. 799.55 respectively. The current market cap of the company is Rs. 10443.16 crore.
The Institutions holding in the company stood at 89.45%, while Non-Institutions held 10.55%.
UTI Asset Management Company has made an additional investment around to Rs 24 crore in UTI Capital, the wholly owned subsidiary of the Company, by way of subscription to the right issue. The object of the investment is to subscribe to equity share entitlement of the Company in the right issue of UTI Capital.
UTI Asset Management Company intends to provide clients with investment solutions commensurate with their risk profile and their return expectations.
