UTI AMC stock hits 52-week high ahead of Q1 earnings

UTI Asset Management Company will declare its financial results for the quarter ended 30th June 2021.

Jul 28, 2021 01:07 IST India Infoline News Service

Shares of UTI AMC hit a new 52-week high in an otherwise weak market on the stock exchange. UTI Asset Management Company will declare its financial results for the quarter ended June 30, 2021.

The stock has surpassed its previous high of Rs947.20 which has touched on July 23, 2021. It traded at its highest level since its stock market debut on October 12, 2020.

UTI Asset Management Company Ltd is currently trading at Rs966.35 up by Rs43.95 or 4.76% from its previous closing of Rs922.40 on the BSE. The scrip opened at Rs940 and has touched a high and low of Rs994.20 and Rs924.65 respectively.

The company reported a consolidated profit of Rs133.62cr for the quarter ended March 31, 2021. The company had reported a loss of Rs27.58cr in the corresponding period a year ago.

The board of the company also recommended a final dividend of Rs17 per equity share for the financial year ended March 31, 2021, subject to the approval of the shareholders.

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