abrdn New India Investment Trust (LON:ANII) Stock Price Up 0.5% – Here’s Why

abrdn New India Investment Trust (LON:ANII) shares traded up 0.5% during mid-day trading on Tuesday . The stock traded as high as GBX 814 ($10.23) and last traded at GBX 812 ($10.21). 50,960 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 74,671 shares. The stock had previously closed at GBX 808 ($10.16).

abrdn New India Investment Trust Trading Up 0.5 %

The company has a 50-day simple moving average of GBX 782.27 and a 200-day simple moving average of GBX 786.41. The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.22 and a current ratio of 0.31. The stock has a market cap of £413.96 million, a P/E ratio of 480.47 and a beta of 0.46.

abrdn New India Investment Trust Company Profile

Aberdeen New India Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity markets of India. It seeks to invest in stocks of companies operating across diversified sectors.