URI AMC’s share price has been consolidation phase for more than six months, and Yes securities are expecting it to rebound now. Today, the share price of UTI AMC is Rs 830. However, the Yes securities is supposed to rise to 50 per cent in this Asset Management Company in the long term.
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According to the report of Yes Securities, “Employee cost was Rs 0.74bn in 4QFY21, which increased to Rs 1.15 bn in 4QFY22, a difference of Rs 0.41bn. Rs 0.33bn of this differential was due to variable pay. Another opex was an extra Rs 0 .16bn compared with the quarterly average run rate for 9MFY22.”
” Rs 0.07bn of the extra cost came from additional trail fees, Rs 0.02bn from charges paid to PFRDA, Rs 0.02bn from payment to BCG and Rs 0.04bn from cost related to digital initiatives. On the positive side, 96 employees are expected to retire over FY 23-24. The savings would amount to Rs 0.41bn, and about half of this would come in FY23,” the company added.
