25% upside potential in UTIAMC
Stock is likely to give breakout from range of 644 & 844. Notably, the level of 736 demonstrated significance during the market downturn on October 25th. There is an expectation of a rally in AMC companies when Nifty achieves a new high, with NAM_INDIA and HDFC AMC already showing substantial gains near their all-time highs. In contrast, UTIAMC is currently down by 35%, suggesting a potential 50% upside from its current levels. It is anticipated that the stock may encounter a correction at a resistance level that is 25% higher than its present value.
From a fundamental perspective, the company has recorded its highest-ever profits and revenues for the trailing twelve months (TTM).
The set target levels are T1 at 987 and T2 at 1170.
From a fundamental perspective, the company has recorded its highest-ever profits and revenues for the trailing twelve months (TTM).
The set target levels are T1 at 987 and T2 at 1170.
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