UTI Asset Management Company Ltd. (UTIAMC) is experiencing a notable surge in its stock price, currently trading at ₹1,237.30, up by ₹49.35 or 4.15% as of 10:07 AM. The stock opened at ₹1,199.00, reaching a high of ₹1,245.00 and a low of ₹1,195.00 during the trading session.
The increase in share price comes amid strong trading activity, with a volume of 394,784 shares exchanged.
Last week, UTI AMC was in the spotlight alongside Tata Asset Management Company (TATAAMC), as both firms are navigating a competitive landscape in the asset management sector. UTI AMC has reported strong financial performance, with a significant annual revenue growth of 35.18%, outperforming its three-year compound annual growth rate (CAGR) of 13.99%. This robust growth is contributing to positive investor sentiment, as evidenced by the recent surge in its stock price.
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