Khozem Merchant Buys 5,602 Shares of JPMorgan Indian (LON:JII) Stock

Key Points

• Insider Khozem Merchant purchased 5,602 shares of JPMorgan Indian at an average price of GBX 1,063 ($14.28) on August 11, totaling around £59,549.26 ($79,985.57).
• JPMorgan Indian's stock has a market cap of £708.72 million and a current P/E ratio of 5.87, with a 12-month low of GBX 873.77 and a high of GBX 1,108.
• The company provides managed exposure to the long-term growth potential of the Indian market, leveraging its position as the largest investment trust focused on Indian companies.

JPMorgan Indian (LON:JII - Get Free Report) insider Khozem Merchant acquired 5,602 shares of JPMorgan Indian stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of GBX 1,063 ($14.38) per share, for a total transaction of £59,549.26 ($80,569.96).

JPMorgan Indian Stock Performance

Shares of LON JII traded up GBX 2 ($0.03) during trading hours on Thursday, hitting GBX 1,052 ($14.23). The company's stock had a trading volume of 40,825 shares, compared to its average volume of 99,683. The stock has a market cap of £704.70 million, a price-to-earnings ratio of 5.84 and a beta of 0.57. JPMorgan Indian has a 12 month low of GBX 873.77 ($11.82) and a 12 month high of GBX 1,108 ($14.99). The business has a 50-day simple moving average of GBX 1,077.30 and a 200-day simple moving average of GBX 1,019.69.

JPMorgan Indian (LON:JII - Get Free Report) last posted its earnings results on Thursday, June 19th. The company reported GBX (0.51) (($0.01)) earnings per share (EPS) for the quarter. JPMorgan Indian had a return on equity of 15.32% and a net margin of 74.37%.

JPMorgan Indian Company Profile

JPMorgan Indian Investment Trust plc provides expertly managed exposure to the long-term growth potential of the Indian market. Key points: Expertise - The largest Indian investment trust, managed by a highly-experienced team. Portfolio - Invests in the long-term growth potential of India, boosted by a growing middle class and young population. Results - Provides exposure to a market that can be difficult to access through a growth-orientated portfolio of Indian equities. *Source: Association of Investment Companies, January 2019 Why invest in this trust JPMorgan Indian Investment Trust plc was the first trust to focus purely on Indian companies.