The stock of Infrastructure India PLC (LON:IIP) hit a new 52-week low and has GBX 10.23 target or 5.00% below today’s GBX 10.77 share price. The 6 months bearish chart indicates high risk for the GBX 75.76 million company. The 1-year low was reported on Nov, 22 by Barchart.com. If the GBX 10.23 price target is reached, the company will be worth GBX 3.79M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 5.32% or GBX 0.6 on November 22, hitting GBX 10.77. Infrastructure India PLC (LON:IIP) has declined 76.97% since April 25, 2016 and is downtrending. It has underperformed by 81.52% the S&P500.
More important recent Infrastructure India PLC (LON:IIP) news were published by: Moodys.com which released: “Moody’s: India plans to boost infrastructure spending is good news for Europe …” on April 11, 2016, also Bloomberg.com published article titled: “Standard Chartered Said Selling $4.4 Billion of Asian Assets”, Bloomberg.com published: “May Flies to India to Prepare for Trade Deal After Brexit” on November 06, 2016. More interesting news about Infrastructure India PLC (LON:IIP) was released by: Economictimes.Indiatimes.com and their article: “India’s poor infrastructure biggest roadblock to ‘Make in India’: S&P” with publication date: August 02, 2016.
Infrastructure India plc is a closed-ended investment company. The company has a market cap of 75.76 million GBP. The Company’s investment objective is to provide shareholders with both capital growth and income by investing in assets in the Indian infrastructure sector, with particular focus on assets and projects related to energy and transport. It currently has negative earnings.
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