Review

UTI ASSET MANAGEMENT COMPANY LTD. 

Ticker : 543238  
FV : Rs 10
52-Week H/L : Rs 610.00/471.10

We had previously recommended UTI Asset Management Company Limited in volume no. 37, issue no. 13, dated January 18, 2021, when the scrip was trading at Rs 555.25. It was recommended based on long-term wealth creation. UTI Asset Management Company is an India-based portfolio manager. On the quarterly financial front, the company posted a mere 2.17 per cent increase in the net interest income to Rs 3.29 crore for Q3FY21 from Rs 3.22 crore for Q3FY20. For Q3FY21, PBT was reported at Rs 180.16 crore, rising by 52.48 per cent compared to Rs 118.15 crore posted in Q3FY20. The company gained a net profit of Rs 140.22 crore in Q3FY21, which is an increase of 56.23 per cent compared to the net profit of Rs 89.75 crore reported for Q3FY20. Hence, we recommended our investor-readers to BOOK PROFIT as of March 3, 2021, at Rs 603.95 per share with gains of 8.77 per cent.