Buy UTI Asset Management Company, target price Rs 1200: Anand Rathi

Anand Rathi has buy call on UTI Asset Management Company with a target price of Rs 1200. The current market price of UTI Asset Management Company Ltd. is Rs 1121.35.

UTI Asset Management Company Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 14278.87 Crore) operating in Financial Services sector.

UTI Asset Management Company Ltd. key Products/Revenue Segments include Sale of services, Income From Sale Of Share & Securities, Interest and Rental Income for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 533.74 Crore, up 26.99 % from last quarter Total Income of Rs 420.31 Crore and up 13.91 % from last year same quarter Total Income of Rs 468.57 Crore. Company reported net profit after tax of Rs 274.30 Crore in latest quarter.




Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2024, while FIIs owned 6.27 per cent, DIIs 25.59 per cent.