Ashoka India Equity Investment (LON:AIE) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Ashoka India Equity Investment's shares surpassed their 200-day moving average, indicating potential bullish momentum in trading.
• The stock price recently traded at GBX 267.50 ($3.62), reflecting a slight 0.4% decrease during the session.
• The company has a market capitalization of £456.95 million and a high P/E ratio of 437.10, suggesting a premium valuation.

Shares of Ashoka India Equity Investment (LON:AIE - ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 269.95 ($3.65) and traded as high as GBX 275 ($3.72). Ashoka India Equity Investment shares last traded at GBX 267.50 ($3.62), with a volume of 377,968 shares.

Ashoka India Equity Investment Stock Down 0.4%

The company has a market cap of £456.95 million, a P/E ratio of 437.10 and a beta of 0.50. The business has a 50-day moving average price of GBX 272.22 and a two-hundred day moving average price of GBX 269.95.

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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