** Shares of UTI Asset Management UTIA.NS rise 4.5% to 1,199 rupees
** Investment management co posted a 31% rise in Q1 consol net profit to 2.39 bln rupees ($28 mln), total rev from ops up 33% Y/Y
** Overall net flows remain positive, hybrid funds recorded decent inflows, said analysts at Centrum Broking
** Fourteen analysts covering the stock on avg have a "hold" rating; median PT is 1,232 rupees - LSEG data
** Stock up 42% so far this year
($1 = 84.0725 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
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