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Buy UTI Asset Management Co Ltd For Target Rs. 825 - Yes Securities Ltd Result Highlights * Revenue: Revenue from operations at Rs 2,695mn was down -5%/-8.6% QoQ/YoY lagging the de-growth/growth of MF QAAUM at -0.9%/6.7% QoQ/YoY * Share of Equity in AUM: Share of Equity in AUM at 30% was down -105 bps QoQ and -143 bps YoY * Share of B-30 in AUM: Share of B-30 at 22% was down -100 bps QoQ and -100bps YoY * Channel mix: Share of Banks+ND, MFD and Direct channel was 9%, 25% and 66%, respectively in overall AUM * Operating profit margin: Calculated operating p...
Buy UTI Asset Management Co Ltd For Target Rs. 825 - Yes Securities Ltd
Buy UTI Asset Management Co Ltd For Target Rs. 825 - Yes Securities Ltd
Source: Yes Securities
1/05/2023 1:47:46 PM
Buy UTI Asset Management Co Ltd For Target Rs. 900 - Yes Securities Ltd Overall yield stagnant despite equity yield rising Result Highlights ? Revenue: Revenue from operations at Rs 2,836mn was down/up -2.5%/0.6% QoQ/YoY lagging the growth of MF QAAUM at 3.1%/7.2% QoQ/YoY ? Share of Equity in AUM: Share of Equity in AUM at 31% was down -13 bps QoQ and -62 bps YoY ? Share of B-30 in AUM: Share of B-30 at 23% was up 20 bps QoQ but down -100bps YoY ? Channel mix: Share of Banks+ND, MFD and Direct channel was 9%, 26% and 65%, respectively in overall AUM ? Opera...
Buy UTI Asset Management Co Ltd For Target Rs. 900 - Yes Securities Ltd
Buy UTI Asset Management Co Ltd For Target Rs. 900 - Yes Securities Ltd
Source: Yes Securities Ltd
14/03/2023 12:40:49 PM
UTI MF introduces Fixed Term Income Fund - Series XXXV-III (1176 D) UTI Mutual Fund (MF) has launched UTI Fixed Term Income Fund - Series XXXV - III (1176 days), a close-ended Debt Scheme with Moderate Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on January 17, 2023 and closes on January 24, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Rs 10 under all the options / Plans. The performance of the Scheme will be benchmarked to the performance of...
UTI MF introduces Fixed Term Income Fund - Series XXXV-III (1176 D)
UTI MF introduces Fixed Term Income Fund - Series XXXV-III (1176 D)
Source: Accord Fintech
17/01/2023 12:52:09 PM
Buy UTI Asset Management Co Ltd For Target Rs. 960 - Yes Securities Ltd Long term potential intact with near term uncertainty; maintain BUY Result Synopsis Orient Electric (ORIENTEL) delivered mix bag performance with revenue growing 3% above estimates while operating margins seeing sequential decline of 456bps; while other peers have reported strong growth with higher operating margins. Company has been able to protect its gross margins as it has taken lead in passing on increased commodity prices to the customers. Also, there has been inventory de stockin...
Buy UTI Asset Management Co Ltd For Target Rs. 960 - Yes Securities Ltd
Buy UTI Asset Management Co Ltd For Target Rs. 960 - Yes Securities Ltd
Source: Yes Securities Ltd
5/09/2022 11:19:35 AM
UTI Asset Management Company gains on making additional investment in UTI Capital 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 ...
UTI Asset Management Company gains on making additional investment in UTI Capital
UTI Asset Management Company gains on making additional investment in UTI Capital
Source: Accord Fintech
2/09/2022 11:18:50 AM
Buy UTI Asset Management Co Ltd For Target Rs. 1,000 - JM Financial Media reports indicate Tata group to acquire 45% stake in UTI AMC As per media articles, Tata group is considering options to buy 45% stake in UTI AMC from four state-owned entities namely PNB, LIC, SBI and BOB. Post the transaction, it is expected that UTI AMC will merge with Tata AMC to become the 4th largest AMC in the country with a proforma AUM of INR 3.1tn (as of Jul’22). Based on Jul’22 data, the combined entity is expected to have an equity/debt/liquid/others mix of 45%...
Buy UTI Asset Management Co Ltd For Target Rs. 1,000 - JM Financial
Buy UTI Asset Management Co Ltd For Target Rs. 1,000 - JM Financial
Source: JM Financial Institutional Securities
17/08/2022 5:24:58 PM
UTI AMC announces appointment of nominee director and MD UTI Asset Management Company announced the appointment of Flemming Madsen (DIN: 02904543), as a Nominee Director (Non-Executive Category) of the Company with effect from 26 July 2022. Further, Imtaiyazur Rahman (DIN: 01818725) has been appointed as Managing Director of the Company with effect from 26 July 2022.
UTI AMC announces appointment of nominee director and MD
UTI AMC announces appointment of nominee director and MD
Source: Dion Global Solutions Ltd
26/07/2022 11:38:11 AM
UTI AMC - Intimation Of Book Closure Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the register of members and share transfer books of the Company will be closed from Tuesday, the 19th July, 2022 to Monday, the 25th July, 2022 (both days inclusive) as book closure period for determining the entitlement of final dividend for the FY 2021-22, if declared, to the members.
UTI AMC - Intimation Of Book Closure
UTI AMC - Intimation Of Book Closure
Source: Dion Global Solutions Ltd
1/07/2022 2:18:48 PM
UTI AMC - Allotment of 417 equity shares under 'UTI AMC Employee Stock Option Scheme - 2007' UTI Asset Management Company Ltd has informed BSE regarding Allotment of 417 equity shares under 'UTI AMC Employee Stock Option Scheme - 2007'.
UTI AMC - Allotment of 417 equity shares under 'UTI AMC Employee Stock Option Scheme - 2007'
UTI AMC - Allotment of 417 equity shares under 'UTI AMC Employee Stock Option Scheme - 2007'
Source: Dion Global Solutions Ltd
23/06/2022 1:47:48 PM
UTI AMC allots 3052 equity shares under ESOS UTI Asset Management Company has allotted 3052 equity shares under ESOS. Post the aforesaid allotment, the issued and paid-up share capital of the Company shall be increased from Rs. 1,26,94,94,290 (12,69,49,429 equity shares of face value of Rs. 10 each) to Rs. 1,26,95,24,810 (12,69,52,481 equity shares of face value of Rs. 10 each).
UTI AMC allots 3052 equity shares under ESOS
UTI AMC allots 3052 equity shares under ESOS
Source: Dion Global Solutions Ltd
4/05/2022 1:41:08 PM
Buy UTI Asset Management Co Ltd For Target Rs. 1,248 - Yes Securities Opex marring quarter is not a structural problem Result Highlights * Revenue: Revenue from operations at Rs 2950mn was up 4.6%/25.2% QoQ/YoY exceeding the growth of MF QAAUM at 0%/22% QoQ/YoY * Share of Equity in AUM: Share of Equity in AUM (including Hybrid funds) at 43% was down -47 bps QoQ but up 278 bps YoY * Share of B-30 in AUM: Share of B-30 at 23% was down -100 bps QoQ and flat YoY * Channel mix: Share of Banks+ND, MFD and Direct channel was 9%, 27% and 64%, respectivel...
Buy UTI Asset Management Co Ltd For Target Rs. 1,248 - Yes Securities
Buy UTI Asset Management Co Ltd For Target Rs. 1,248 - Yes Securities
Source: Yes Securities Ltd
29/04/2022 12:01:10 PM
UTI AMC - Board to consider Final Dividend With reference to the earlier intimation dated April 08, 2022 regarding a meeting of the Board of Directors of the Company has been scheduled on April 26, 2022 to inter-alia consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2022, UTI Asset Management Company Ltd has now informed BSE that the Board will, in its aforesaid meeting scheduled on April 26, 2022, also consider recommendation of final dividend on equity share...
UTI AMC - Board to consider Final Dividend
UTI AMC - Board to consider Final Dividend
Source: Dion Global Solutions Ltd
21/04/2022 10:42:17 AM
Buy UTI Asset Management Ltd For Target Rs.1,350 - JM Financial Services Undemanding valuations; Reiterate BUY UTI AMC has corrected by c.22% from its peak post 3QFY22 results. The correction was driven by a sharp contraction in top-line MF yields and management guidance of further moderation in FY23E. However, we maintain our positive stance on the stock as core fundamental positives are still in place: a) AUM growth story to continue with improvement in equity and debt market share (AUM CAGR of 22% over FY21-24E) and b) improvement in operating profitability ...
Buy UTI Asset Management Ltd For Target Rs.1,350 - JM Financial Services
Buy UTI Asset Management Ltd For Target Rs.1,350 - JM Financial Services
Source: JM Financial Services Ltd
23/03/2022 11:32:52 AM
High Conviction Idea : Buy UTI Asset Management Ltd For Target Rs.1420 - Centrum Broking Business overview UTI AMC is the 8th largest AMC in India in terms of total QAAuM (Rs2245bn as at Q3FY22). It has 167 branches of which 108 are situated in B-30 cities. Distribution network includes 61,000+ MFDs. Equity distribution mix is – direct at 34%, MFDs is 55% and BND share is 11% (up from 9% as at Mar’21). Total headcount as at Dec’21 stood at 1393 Investment rationale * Basis QAAUM, equity grew strongly by 11.0% QoQ while its share enhanced by 1.3% QoQ to ...
High Conviction Idea : Buy UTI Asset Management Ltd For Target Rs.1420 - Centrum Broking
High Conviction Idea : Buy UTI Asset Management Ltd For Target Rs.1420 - Centrum Broking
Source: Centrum Broking Ltd
24/02/2022 12:15:20 PM
Buy UTI Asset Management Company Ltd For Target Rs.1,401 - Yes Securities UTI maintains yield by cutting commission rates Result Highlights * Revenue: Revenue from operations at Rs 2804mn was up 7.2%/40.6% QoQ/YoY whereas the growth of QAAUM was 12%/35% QoQ/YoY * Share of Equity in AUM: Share of Equity in AUM (excluding Hybrid funds) at 30% was up 138 bps QoQ and 491 bps YoY * Share of B-30 in AUM: Share of B-30 in AUM at 23% was down 200 bps QoQ and 100 bps YoY * Channel mix: Share of Banks+ND, MFD and Direct channel was 9%, 28% and 63%, respectivel...
Buy UTI Asset Management Company Ltd For Target Rs.1,401 - Yes Securities
Buy UTI Asset Management Company Ltd For Target Rs.1,401 - Yes Securities
Source: Yes Securities Ltd
1/11/2021 9:22:30 AM
Buy UTI Asset Management Company Ltd : Business momentum and relative valuations remain favourable - ICICI Securities Buy UTI Asset Management Company Ltd For Target Rs.1,200 Business momentum and relative valuations remain favourable UTI Asset Management Company (UTI) is exhibiting multiple positive business indicators such as gains in market share in equity segment as well as flows, SIP and folio additions too. Cost reduction programme undertaken by the company, improvement in subsidiary performance, NFO pipeline, and relatively attractive valuations are strong earnings drivers ahead. Maintain BUY wi...
Buy UTI Asset Management Company Ltd : Business momentum and relative valuations remain favourable - ICICI Securities
Buy UTI Asset Management Company Ltd : Business momentum and relative valuations remain favourable - ICICI Securities
Source: ICICI Securities
9/09/2021 9:15:06 AM
Buy UTI AMC Ltd For Target Rs. 1,197 - Yes Securities Result Highlights * Revenue – Management Fees was at Rs.2.6bn was better than our estimates of Rs2.45bn as AUM and yields both were better than our forecasts. While AUM Management fees were higher by 64% yoy, sequential growth was at 11%.   * Yield on Management fees ‐ The Yield on Management fees was at 0.56%, which was a improvement of 2bps YoY, against our estimate of 0.52%. Increase can be attributed to 1) higher yields on NPS AUM and 2) higher share of equ...
Buy UTI AMC Ltd For Target Rs. 1,197 - Yes Securities
Buy UTI AMC Ltd For Target Rs. 1,197 - Yes Securities
Source: Yes Securities
30/07/2021 10:30:35 AM
Technical Stock Pick Buy UTI Asset Management Company Ltd For Target Rs. 950 - HDFC Securities Technical Stock Pick  Buy UTI Asset Management Company Ltd For Target Rs. 950 - HDFC Securities  TECHNICAL OBSERVATIONS Stock has broken out from last 3 weeks of consolidation Ascending Triangle Breakout with rising volume on the daily chart Stock price has hit fresh all time high Stock is placed above important moving averages Primary trend of the stock has been bullish with higher tops and higher bottoms Indicators and Oscillators...
Technical Stock Pick Buy UTI Asset Management Company Ltd For Target Rs. 950 - HDFC Securities
Technical Stock Pick Buy UTI Asset Management Company Ltd For Target Rs. 950 - HDFC Securities
Source: HDFC Securities Ltd
10/06/2021 2:08:48 PM
Buy UTI Asset Management Company Ltd For Target Rs. 862 - ICICI Securities Business tailwinds gather momentum… UTI Asset Management Company (UTI) is exhibiting multiple positive business indicators such as gains in market share in equity segment as well as flows, SIP as well as folio additions. Cost reduction program undertaken by the company and hike in pension fund management charges are strong earnings drivers ahead. These growth levers, along with attractive valuations, make us constructive on UTI. Maintain BUY with a revised target price of Rs862 (...
Buy UTI Asset Management Company Ltd For Target Rs. 862 - ICICI Securities
Buy UTI Asset Management Company Ltd For Target Rs. 862 - ICICI Securities
Source: ICICI Securities Ltd
14/05/2021 10:10:54 AM
Buy UTI Asset Management Ltd For Target Rs. 858 - Yes Securities Result Highlights * Revenue – Management Fees was at Rs.2.4bn was in line with our estimates. Management fees were higher by 29% yoy and witnessed a growth of 11% on sequential basis. * Yield on Management fees ‐ The Yield on Management fees was at 0.52%, which was a improvement of 4bps YoY, against our estimate of 0.53%.   * Operating Profit ‐ Operating profit came at Rs.1,056mn which was higher than our estimates of Rs.1,008mn due to lower than e...
Buy UTI Asset Management Ltd For Target Rs. 858 - Yes Securities
Buy UTI Asset Management Ltd For Target Rs. 858 - Yes Securities
Source: Yes Securities Ltd
30/04/2021 10:08:44 AM
Buy UTI Asset Management Company Ltd For Target Rs.689 - Yes Secruities Regaining market share, Attractive valuations Improving fund Performance aiding market share recovery UTI AMC had witnessed continuous market share loss from 8.8% in FY12 to 5.6% in FY20 due to relatively weak equity fund performance and freezing of subscription in few flagship debt funds. However, with specific measures undertaken by the management the concerns around fund performance are abating as reflected from the equity market share gain for UTI AMC has to 4.9% as on Dec 2020 fr...
Buy UTI Asset Management Company Ltd For Target Rs.689 - Yes Secruities
Buy UTI Asset Management Company Ltd For Target Rs.689 - Yes Secruities
Source: Yes Securitiies Ltd
3/02/2021 10:52:49 AM