JPMorgan Indian (LON:JII) Stock Price Up 0.2% – Still a Buy?

Shares of JPMorgan Indian (LON:JII) shot up 0.2% during mid-day trading on Friday. The stock traded as high as GBX 1,020 and last traded at GBX 1,012. Approximately 40,209 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 95,959 shares. The stock had previously closed at GBX 1,010.

JPMorgan Indian Stock Up 0.2%

The firm has a market cap of £461.80 million, a P/E ratio of 5,295.66 and a beta of 0.57. The stock’s 50-day simple moving average is GBX 1,012 and its 200 day simple moving average is GBX 1,012.

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.