JPMorgan Indian (LON:JII) Shares Pass Above 50-Day Moving Average – Here’s What Happened

JPMorgan Indian (LON:JIIGet Free Report)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,017.40 and traded as high as GBX 1,020. JPMorgan Indian shares last traded at GBX 1,012, with a volume of 40,209 shares changing hands.

JPMorgan Indian Price Performance

The business’s 50 day moving average price is GBX 1,016.72 and its 200-day moving average price is GBX 1,047.81. The company has a market cap of £461.80 million, a PE ratio of 5,295.66 and a beta of 0.57.

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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