UTI Asset Management Faces Continued Stock Decline Amid Market Volatility

Jan 28 2025 10:05 AM IST
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UTI Asset Management Company has faced a significant decline in its stock performance, marking four consecutive days of losses and a notable drop over the past month. The stock is currently trading below key moving averages, indicating a bearish trend, while maintaining a high dividend yield of 4.2%.
UTI Asset Management Company, a midcap player in the finance and non-banking financial company (NBFC) sector, has experienced a notable decline in its stock performance today, with a loss of 5.66% as of January 28, 2025. This downturn marks the fourth consecutive day of losses, accumulating to a significant drop of 14.23% over this period.

The stock underperformed against its sector, lagging by 4.98%. During the trading session, UTI AMC reached an intraday low of Rs 1053.65, reflecting a decrease of 5.39%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

Despite the recent challenges, UTI Asset Management Company maintains a high dividend yield of 4.2% at the current price. Over the past month, the stock has declined by 14.74%, contrasting with the Sensex, which has seen a decrease of 3.62%. This performance highlights the ongoing volatility in the market for UTI AMC.
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