The share price of UTI Asset Management Company (AMC) reached a two-year high of Rs 1,119 on the BSE on August 20, 2024. This follows a 6% intraday increase in UTI AMC shares today due to earnings improvement.
The stock rose over its previous high, which was reached on July 16 at Rs 1,113.80. The share was trading at its highest since November 2021. On August 31, 2021, the share reached a record high of Rs 1,216.55.
UTI AMC is the Investment Manager for UTI Mutual Fund. UTI AMC has been authorized as a Portfolio Manager with the Securities and Exchange Board of India (Sebi) and, through its subsidiary, operates as a Fund Manager for Alternative Investment Fund (AIF), among others. It also has a nationwide network of branches and a broad distribution network.
As of 12:43 pm, UTI AMC shares were trading 5.65% higher at Rs 1,118.30 on the NSE.
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