UTI Asset Management Company Ltd (UTIAMC)

UTI Asset Management Company Ltd Stocks Down After TDS Withdrawal - 24 Jul, 2024

The announcement of the withdrawal of 20% TDS on repurchase by mutual funds and UTI led to a decline in UTI AMC, HDFC AMC, and Nippon AMC stocks.

Mutual Fund Industry Optimistic About Tax Disparities Addressed in Upcoming Budget - 23 Jul, 2024

Asset management companies are hopeful that the Finance Minister will address tax disparities between equity mutual funds and ULIPs, as well as equitable treatment for FPIs and foreign investors in Indian AIFs. Stocks likely to be impacted include HDFC AMC, UTI AMC, Nippon Life India Asset Management, and Aditya Birla Sun Life AMC.

UTI AMC Stock Rises 35% Amid Robust Inflows - 18 Jul, 2024

UTI Asset Management Company Ltd's stock has risen by 35% due to robust inflows and healthy capital market movement. Other AMCs such as ABSL AMC and Shriram AMC have also outperformed the market.

UTI AMC Announces Dividend Payment; Receives Reduce Rating from Centrum Broking - 16 Jul, 2024

UTI Asset Management Company will pay a total dividend of Rs 47 per share. However, Centrum Broking has assigned a Reduce rating for the stock with a price target of ₹1,015 apiece due to weak net flows and unlikely potential upside.

UTI Asset Management to Go Ex-Dividend on July 18th - 14 Jul, 2024

UTI Asset Management Company Ltd is set to pay a dividend of ₹47.00 per share, with a trailing yield of 2.3%. The company has been growing its earnings and dividends over the past few years, making it worth buying for its dividend. UTI Asset Management is reinvesting heavily in its business, which can create substantial value for investors over the long run.

UTI Asset Management Company Allots Equity Shares Under ESOS - 13 Jul, 2024

UTI Asset Management Company has allotted 80,605 equity shares under ESOS, increasing the issued and paid-up share capital from Rs 1,27,29,32,170 to Rs 1,27,37,38,220.

UTI Asset Management Company Allots Equity Shares to Eligible Employees - 04 Jul, 2024

UTI Asset Management Company has allotted 13,512 equity shares of face value Rs.10 each under the UTI AMC Employee Stock Option Scheme - 2007. The issued and paid-up share capital of the company will increase from Rs.1272.79 crore to Rs.1272.93 crore.

UTI Asset Management to Pay Increased Dividend - 30 Jun, 2024

UTI Asset Management Company Limited will pay a dividend of ₹47.00 on August 24th, an increase from last year's comparable dividend. However, the payout ratio is high and could put pressure on the dividend in the future if cash flows remain low. The company has been growing its earnings per share at 17% annually over the past five years, but caution may be warranted due to the short payment history.