Ashoka India Equity Investment (LON:AIE) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Ashoka India Equity Investment's share price has crossed above its 200-day moving average of GBX 270.40, reaching a high of GBX 280.12 during trading on Monday.
• The stock currently has a market capitalization of £457.43 million and a price-to-earnings ratio of 3.76, indicating solid valuation metrics.
• Ashoka India Equity Investment focuses on investing in securities primarily listed in India and companies with significant operations in the region.

Ashoka India Equity Investment (LON:AIE - )'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 270.40 ($3.59) and traded as high as GBX 280.12 ($3.72). Ashoka India Equity Investment shares last traded at GBX 277 ($3.68), with a volume of 286,830 shares traded.

Ashoka India Equity Investment Price Performance

The stock has a market cap of £457.43 million, a price-to-earnings ratio of 3.76 and a beta of 0.50. The business's fifty day simple moving average is GBX 280.54 and its 200 day simple moving average is GBX 270.40.

Ashoka India Equity Investment Company Profile

ASHOKA INDIA EQUITY INVESTMENT TRUST IS A HIGH CONVICTION, LONG-ONLY INVESTMENT TRUST, INVESTING MAINLY IN SECURITIES LISTED IN INDIA AND LISTED SECURITIES OF COMPANIES WITH A SIGNIFICANT PRESENCE IN INDIA

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