Fairfax India (TSE:FIH.U) Stock Price Up 1.5% - What's Next?

Key Points

• Fairfax India Holdings Corp's stock price increased 1.5% to C$19.09 during mid-day trading, marking a notable rise from its previous close of C$18.80.
• The company's market capitalization stands at C$2.01 billion, with a price-to-earnings ratio of 11.36 and a quick ratio of 0.50.
• Fairfax India focuses on long-term capital appreciation by investing in public and private equity securities and debt instruments in India or businesses related to India.

Fairfax India Holdings Corp (TSE:FIH.U - )'s stock price rose 1.5% during mid-day trading on Wednesday . The company traded as high as C$19.18 and last traded at C$19.09. Approximately 25,635 shares changed hands during trading, a decline of 50% from the average daily volume of 51,698 shares. The stock had previously closed at C$18.80.

Fairfax India Stock Performance

The stock has a 50-day moving average price of C$18.71 and a 200 day moving average price of C$17.80. The company has a quick ratio of 0.50, a current ratio of 4.56 and a debt-to-equity ratio of 16.41. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.71 and a beta of 1.49.

Fairfax India Company Profile

Fairfax India Holdings Corp is an investment holding company. Its investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers, or business conducted in or dependent on India.

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