JPMorgan Indian (LON:JII) Stock Price Passes Above 50 Day Moving Average – Here’s Why

JPMorgan Indian (LON:JII – Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,012 and traded as high as GBX 1,020. JPMorgan Indian shares last traded at GBX 1,012, with a volume of 40,209 shares trading hands.

JPMorgan Indian Stock Performance

The company has a market capitalization of £461.80 million, a price-to-earnings ratio of 5,295.66 and a beta of 0.57. The firm has a 50-day simple moving average of GBX 1,012 and a two-hundred day simple moving average of GBX 1,029.09.

About JPMorgan Indian

(Get Free Report)

JPMorgan Indian Investment Trust plc provides expertly managed exposure to the long-term growth potential of the Indian market.
Key points:

Expertise – The largest Indian investment trust, managed by a highly-experienced team.
Portfolio – Invests in the long-term growth potential of India, boosted by a growing middle class and young population.
Results – Provides exposure to a market that can be difficult to access through a growth-orientated portfolio of Indian equities.
*Source: Association of Investment Companies, January 2019

Why invest in this trust

JPMorgan Indian Investment Trust plc was the first trust to focus purely on Indian companies.

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