Shares of UTI Asset Management Company Ltd. gained over 6% on Thursday, July 10. The stock is now trading at a 52-week high.With Thursday’s move, the stock has now gained in five out of the last six trading sessions.
The stock has now gained 10.5% so far in the month of July, extending its gains for the third straight month. Shares had gained 8.5% in June and another 17% in May. With this recent upmove, the stock has also turned positive on a year-to-date basis.
Brokerage firm Antique Stock Broking initiated coverage on UTI AMC earlier this week with a “buy” recommendation and a price target of ₹1,500 per share, which had implied a potential upside of 11.6% from its previous closing levels.The brokerage said the company’s equity fund performance has been improving, with 72% of equity assets under management (AUM) appearing in the top two quartile on one-year return basis as of May 2025, which may drive higher flow share, going ahead.
The brokerage said SIP flows remained strong into the company, with its SIP AUM growing at a Compounded Annual Growth Rate (CAGR) of 24% over financial year 2022-2025. SIP AUM currently stands at ₹37,600 crore for UTI AMC, which is 41% of the overall equity AUM.Antique said UTI AMC has remained well-entrenched in tier 2 and 3 cities with B30 average AUM (AAUM) share at 22% compared to the industry’s 18% as of March 2025.
The stock has now gained 10.5% so far in the month of July, extending its gains for the third straight month. Shares had gained 8.5% in June and another 17% in May. With this recent upmove, the stock has also turned positive on a year-to-date basis.
Brokerage firm Antique Stock Broking initiated coverage on UTI AMC earlier this week with a “buy” recommendation and a price target of ₹1,500 per share, which had implied a potential upside of 11.6% from its previous closing levels.The brokerage said the company’s equity fund performance has been improving, with 72% of equity assets under management (AUM) appearing in the top two quartile on one-year return basis as of May 2025, which may drive higher flow share, going ahead.
The brokerage said SIP flows remained strong into the company, with its SIP AUM growing at a Compounded Annual Growth Rate (CAGR) of 24% over financial year 2022-2025. SIP AUM currently stands at ₹37,600 crore for UTI AMC, which is 41% of the overall equity AUM.Antique said UTI AMC has remained well-entrenched in tier 2 and 3 cities with B30 average AUM (AAUM) share at 22% compared to the industry’s 18% as of March 2025.
The AMC enjoys the least cost inflation compared to its peers over the next few years, Antique said.
The brokerage said it expects the return on equity to rise from 16.3% to 18.7% over FY25-28. Its profit after tax before minority interest estimates for FY26-28 are 5% above consensus, it said.
Of the 19 analysts that have coverage on the stock, 11 have a “buy” rating, five have a “hold” rating and three have a “sell” rating.
UTI AMC shares gained have gained for five of the last six trade sessions. Te stock increased 6.3% to hit an intraday high of ₹1,429 apiece. The stock has gained 12.5% in the past month.
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