abrdn New India Investment Trust (LON:ANII) Shares Up 0.3% – Here’s Why

Shares of abrdn New India Investment Trust (LON:ANII) shot up 0.3% on Monday . The stock traded as high as GBX 760 ($9.86) and last traded at GBX 760 ($9.86). 33,303 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 74,547 shares. The stock had previously closed at GBX 758 ($9.83).

abrdn New India Investment Trust Trading Up 0.3 %

The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 6.08. The firm’s 50-day simple moving average is GBX 792.01 and its 200 day simple moving average is GBX 782.64. The stock has a market capitalization of £387.45 million, a P/E ratio of 449.70 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.