The stock of New India Investment Trust PLC (LON:NII) is a huge mover today! The stock increased 1.34% or GBX 4.75 on November 22, hitting GBX 359. About 61,207 shares traded hands. New India Investment Trust PLC (LON:NII) has declined 1.42% since April 25, 2016 and is downtrending. It has underperformed by 5.98% the S&P500.
The move comes after 9 months negative chart setup for the GBX 214.02 million company. It was reported on Nov, 22 by Barchart.com. We have GBX 344.64 PT which if reached, will make LON:NII worth GBX 8.56 million less.
New India Investment Trust PLC is investment trust. The company has a market cap of 214.02 million GBP. The Company’s investment objective is to provide shareholders with long-term capital appreciation by investment in companies, which are incorporated in India, or which derive significant revenue or profit from India, with dividend yield from the Company being of secondary importance. It has a 3.72 P/E ratio. The Firm Limited) primarily invests in Indian equity securities.
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