JPMorgan Indian (LON:JII) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of JPMorgan Indian (LON:JII) crossed above its fifty day moving average during trading on Wednesday . 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 stock has a market cap of £461.80 million, a price-to-earnings ratio of 5,295.66 and a beta of 0.57. The business’s 50 day moving average is GBX 1,012 and its 200 day moving average is GBX 1,032.05.

JPMorgan Indian Company Profile

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.