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

abrdn New India Investment Trust (LON:ANII)’s stock price rose 0.5% during mid-day trading on Tuesday . The stock traded as high as GBX 814 ($10.32) and last traded at GBX 812 ($10.29). Approximately 50,960 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 74,671 shares. The stock had previously closed at GBX 808 ($10.24).

abrdn New India Investment Trust Stock Performance

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 company has a market cap of £400.70 million, a P/E ratio of 472.19 and a beta of 0.46. The firm has a 50 day moving average of GBX 782.19 and a 200-day moving average of GBX 786.82.

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.