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JPMorgan Indian (LON:JII) Stock Price Passes Above 50 Day Moving Average - Here's Why

JPMorgan Indian logo with Financial Services background

Shares of JPMorgan Indian (LON:JII - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 991.92 ($13.35) and traded as high as GBX 1,070 ($14.40). JPMorgan Indian shares last traded at GBX 1,060 ($14.26), with a volume of 61,267 shares changing hands.

JPMorgan Indian Price Performance

The firm has a market cap of £723.46 million, a PE ratio of 6.00 and a beta of 0.57. The business has a 50-day moving average price of GBX 999.36 and a two-hundred day moving average price of GBX 1,002.10.

About JPMorgan Indian

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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.

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