India's UTI Asset Management rises to 2-year high on Q4 profit growth

UTI Asset Management

26/04/2024 08:44

** Shares of UTI Asset Management Company  UTIA.NS  rise as
much as 6.07% to 1,005 rupees, highest since April 1, 2022;
shares last up 4.2%
    ** The asset management company posts consolidated net
profit that nearly doubled year-on-year to 1.53 bln rupees in
the March quarter
    ** Total revenue from operations rises 38% to 4.16 bln
rupees; UTIA declares a special dividend of 23 rupees per share
    ** The mean recommendation of the 12 analysts tracking UTIA
is equivalent to "hold"; median price target is 904.50 rupees -
LSEG data
    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))