Shares of UTI Asset Management Company surged about 11.25 per cent to Rs 965 on Tuesday, hitting a new-52 week high and commanding a total market capitalization of close to Rs 12,000 crore.
UTI AMC said the company has not taken any decision on the transaction as mentioned in the news item and as such no disclosure is required to be made under Regulation 30 of the Listing Regulations
Shares of UTI Asset Management Company (AMC) hit fresh 52-week high of Rs 641.25 on the BSE in Thursday s intra-day session after the company reported a return to profit during the quarter ended March 2021.
The company on Thursday posted a consolidated net profit of Rs 133.62 crore for the March quarter of the financial year 2020-21 (FY21) as against a loss of Rs 27.58 crore in the corresponding period a year ago.
The revenue from operations for Q4FY21 came in at Rs 289.24 crore, up 112 per cent compared with Rs 136.32 crore posted in the year-ago quarter.
“Commenting on the performance, Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said, “The mutual fund industry continues to attract investors amidst an unprecedented and challenging business environment in the last one year. The industry is looking to combat volatility and provide investment opportunities to investors for their long term financial goals. UTI AMC has registered an increase in its assets under management