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Ashoka India Equity Investment (LON:AIE) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Ashoka India Equity Investment logo with Financial Services background

Key Points

  • Ashoka India Equity Investment shares have crossed above their 200-day moving average of GBX 268.73, trading at GBX 268 ($3.62) with a peak at GBX 270 ($3.65).
  • The company has a market capitalization of £459.60 million and a P/E ratio of 439.63, indicating high investor expectations.
  • Ashoka India Equity Investment primarily focuses on long-only investments in securities listed in India and companies with significant operations in the country.
  • MarketBeat previews top five stocks to own in October.

Ashoka India Equity Investment (LON:AIE - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 268.73 ($3.63) and traded as high as GBX 270 ($3.65). Ashoka India Equity Investment shares last traded at GBX 268 ($3.62), with a volume of 331,213 shares.

Ashoka India Equity Investment Price Performance

The company's 50-day moving average is GBX 275.48 and its two-hundred day moving average is GBX 268.73. The firm has a market cap of £459.60 million, a P/E ratio of 439.63 and a beta of 0.50.

Ashoka India Equity Investment Company Profile

(Get Free Report)

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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