UTI AMC shares fall 10%, the most since its listing; Here’s why

UTI AMC’s equity AUM is steady at 26% of the AUM compared to 65% equity AUM of HDFC AMC. It is also much lower than the industry average of 56%.

UTI AMC’s equity AUM is steady at 26% of the AUM compared to 65% equity AUM of HDFC AMC. It is also much lower than the industry average of 56%.

N Jayakumar, Group CEO & MD at Prime Securities and Sandeep Bhatia, MD & Head-Equity India at Macquarie Capital shared why India’s financial sector is set for a comeback — driven by renewed FDI interest, strong consumer spending, and improving…

About 73 lakh shares of AU Small Finance Bank changed hands during the day, sharply higher than the 20-day average of 7 lakh shares.

Shares of Midwest Ltd are tentatively scheduled to be listed on the BSE and NSE on October 24.

Globally, spot gold was up 0.1% at $4,253.33 per ounce, while US gold futures for December delivery climbed 1.3% to $4,266.30 per ounce.

While details about the company’s public issue are not clear, the IPO is expected to comprise a mix of fresh issue and offer-for-sale (OFS) components by existing shareholders.

Hindustan Zinc is betting on a strong second half of FY26 as it ramps up silver production and prepares to unveil capacity expansion plans. Management remains optimistic on both zinc and silver prices, even as it looks to fine-tune its…

While Avantel’s margins halved, Tejas Networks reported a net loss for the quarter, in comparison to a net profit during the same quarter last year.

The unlisted and grey markets are voting booths, subject to moods and whispers. Only on the regulated exchange does the weighing truly occur, grounded in performance and fundamentals, notes Tarun Singh, MD & Founder of Highbrow Securities.

Analysts said that capital markets are moved by sustained DII buying, marginal FII buying and news of brisk festival season sales of automobiles and white goods.