Stocks to buy today: After doubling shareholders’ money from April to August 2021, the URI AMC share price has been declining ever since. The stock has been in consolidation phase for more than 6 months and now Yes Securities is expecting its rally. The stock which has fallen close to 22 percent in 2022 is expected to go up 1248 in the long term. UTI AMC share price today 830. So, Yes Securities is expecting up to 50 per cent growth in the stock of this asset management company in the long term.
Pointing to the fundamentals of UTI AMC shares, which may support a sharp rally in the near term, the research report by Yes Securities says, “Employee cost was 0.74bn in 4QFY21, which increased to . done A difference of 1.15bn, in 4QFY22 0.41 billion 0.33 billion of this difference was due to variable pay. other opex was an extra 0.16 billion compared to the quarterly average run rate for 9MFY22.”
, 0.07 billion of the additional costs came from additional trail fees, 0.02 billion from fees paid to PFRDA, 0.02 billion from payments to BCG and 0.04 billion from costs related to digital initiatives. On the positive side, 96 employees are expected to retire in FY23-24. The amount of savings on account of this will be 0.41 billion and almost half of it will come in FY23,” the brokerage said.
The brokerage says that while overall overall revenue yield for domestic trade was maintained at 41 bps, which is similar to the levels seen in 3QFY22, “Yield for domestic equity business is 85-90 bps. For international trade.” The yield is around 55 bps.”
On its advice to positional investors with regard to UTI AMC shares, the Yes Securities report says, “We retain the ‘Buy’ rating on UTI with the revised price target. 1248. We value UTI at 23x FY23 P/E of 19.8% for FY 2011-24 E EPS CAGR.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.