Uti Amc
HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow
Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts
 "HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow")
UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal
PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore.
 "UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal")
Early pivot unlikely in the face of persistent inflation: UTI AMC's Chopra
"Credit funds have performed quite well in 2022, on the back of an improving economic cycle, low-interest rates, and easing liquidity as domestic and global economies opened up"
 "Early pivot unlikely in the face of persistent inflation: UTI AMC's Chopra")
Not part of any negotiations': UTI AMC on Tata acquisition reports
There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it
 "Not part of any negotiations': UTI AMC on Tata acquisition reports")
BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the expo
Known for his successful efforts in restructuring the erstwhile Unit Trust of India into UTI AMC and Specified Undertaking of UTI (SUUTI), Meleveetil Damodaran chaired Sebi from Feb 2005 to Feb 2008
 "BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the expo")
Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities
If the deal goes through, Tata AMC and UTI AMC's combined entity could become the fourth-largest asset manager in India
 "Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities")
UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz
According to media reports, Tata Group is in talks to buy majority stake in the company from PSU finance entities.
 "UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz")
UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally
The overall trend for asset management shares continues to remain bullish, say charts.
 "UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally")
UTI AMC, Punjab National Bank shares jump on the stake sale plans
The stake is valued at around Rs 1,437 crore at UTI AMC's last closing price of Rs 743.5
 "UTI AMC, Punjab National Bank shares jump on the stake sale plans")
PNB surges 8% to hit 21-month high on govt's nod to divest stake in UTI AMC
PNB received the government's approval to divest its entire stake in UTI Asset Management Company (AMC) as part of its non-core asset sale plan and shore up its capital base.
 "PNB surges 8% to hit 21-month high on govt's nod to divest stake in UTI AMC")
PNB gets Centre's approval to divest its entire stake in UTI AMC
The bank holds 15.22 per cent stake in UTI AMC worth around Rs 1300 crore at current valuation
 "PNB gets Centre's approval to divest its entire stake in UTI AMC")
Listed asset management companies see subdued profit growth in Q2
The brokerage has set a March 2024 target of Rs 2,470 for HDFC AMC and Rs 400 for Nippon India AMC
 "Listed asset management companies see subdued profit growth in Q2")
Investors could continue to allocate to equity funds, says UTI AMC CIO
Investors should be guided by valuations in determining risk and allocation rather than events that cannot be predicted, said Vetri Subramaniam
 "Investors could continue to allocate to equity funds, says UTI AMC CIO")
UTI AMC falls 5% as co denies reports of stake sale to Tata Group
According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house
 "UTI AMC falls 5% as co denies reports of stake sale to Tata Group")
UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake
According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion
 "UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake")
Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC
According to technical analyst from HDFC Securities, Chalet Hotels is trying to find support at 50 days EMA, whereas, UTI AMC has formed a bullish 'hammer' candlestick pattern on the chart.
 "Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC")
Listed AMCs see a muted January-March quarter due to pressure on yields
UTI AMC saw its profit after tax drop 60 per cent year-on-year (YoY), while Aditya Birla Sun Life AMC saw its profits increase just 1 per cent
 "Listed AMCs see a muted January-March quarter due to pressure on yields")
UTI AMC slides 7% on disappointing December quarter earnings
In Q3, the company's revenue from operation declined 10 per cent YoY at Rs 309 crore, while profit after tax was down 9 per cent YoY at Rs 127 crore.
We have a bias towards large-caps at this point: UTI AMC CIO Subramaniam
We are long-term bullish about the prospects for Indian equities driven by the potential for growth across sectors, said UTI AMC CIO
 "We have a bias towards large-caps at this point: UTI AMC CIO Subramaniam")
'Hard to say that markets have factored in the impact of the third wave'
In terms of valuation matrix like P/E or P/BV, many stocks forming part of the broad index would be expensive compared to long-term averages, Sachin Trivedi of UTI AMC said
 "'Hard to say that markets have factored in the impact of the third wave'")
