Fairfax India (TSE:FIH.U) Stock Price Up 2.3% - Here's Why

Fairfax India Holdings Corp (TSE:FIH.U - Get Free Report)'s share price rose 2.3% during mid-day trading on Wednesday . The stock traded as high as C$18.70 and last traded at C$18.56. Approximately 90,983 shares changed hands during trading, an increase of 70% from the average daily volume of 53,513 shares. The stock had previously closed at C$18.14.

Fairfax India Price Performance

The company has a debt-to-equity ratio of 16.41, a quick ratio of 0.50 and a current ratio of 4.56. The stock has a market capitalization of C$1.95 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 0.71 and a beta of 1.49. The company has a 50-day moving average of C$17.29 and a 200-day moving average of C$17.10.

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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