sniper1290

UTI ASSET MANAGEMENT CO long term swing

Long
NSE:UTIAMC   UTI ASSET MNGMT CO LTD
Stock is fundamentally strong , looking good for medium to long term holding ,also made a double bottom showing buyers coming in , BUY above 710 levels (breakout retest) SL at 650 ,targets given on chart


FUNDAMENTALS :

# 0 debt company

# 60% DIIs holding and FIIs increasing stakes

# Steady growth in profits since 2012

# Reserves increasing

# Stock trading at low PE of 20


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