JPMorgan Indian (LON:JII) Stock Jumps 0.2% – Here’s Why

JPMorgan Indian (LON:JII) was up 0.2% on Friday. The company traded as high as GBX 1,020 and last traded at GBX 1,012. Approximately 40,209 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 95,959 shares. The stock had previously closed at GBX 1,010.

JPMorgan Indian Trading Up 0.2%

The firm has a market capitalization of £461.80 million, a P/E ratio of 5,295.66 and a beta of 0.57. The company has a 50-day moving average of GBX 1,012 and a 200-day moving average of GBX 1,012.

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.