India's UTI Asset Management rises most in over 3 months on bulk deal

UTI Asset Management

21/03/2023 04:25

** Shares of UTI Asset Management Company Ltd  UTIA.NS  rise
as much as 8.18% to 689.3 rupees, post biggest intraday pct gain
since Dec. 19
    ** About 1.12 mln shares of co bought by Parag Parikh
Financial Advisory Services Mutual Fund for 636 rupees per share
in a bulk deal on Monday, as per NSE data
    ** Stock set to snap three sessions of losses, if gains hold
    ** Trading volume at ~592,500 shares, 2.8x the 30-day avg as
of 9:40 a.m. IST
    ** Average rating of ten analysts close to equivalent of
'strong buy' with median PT of 880 rupees - Refinitiv data
    ** Up to last close, stock was down 25% so far this year

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))