India's UTI AMC set for biggest drop in over three years after Q2 results

UTI Asset Management

20/10/2025 07:34

** India's UTI Asset Management Company UTIA.NS slumps as much as 10% to three-month low of 1,263.3 rupees; last down 6.4%

** Set for biggest daily pct drop since June 2022

** Asset manager's revenue, core profit drops q/q and y/y

** JM Financial downgrades to "reduce" from "hold", cuts PT to 1,350 rupees from 1,500 earlier

** Says UTIA continues to lose market share in SIP inflows and stock equity AUM

** Nearly 280,000 shares change hands, roughly double the 30-day avg volume

** Stock rated "buy" on avg by 17 brokerage firms; median PT at 1,416 rupees, per data compiled by LSEG

** UTIA turns negative YTD, down 4.5%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))