Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Indian Investment Trust Plc LSE:JII London Ordinary Share GB0003450359 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -9.00 -1.61% 549.00 549.00 555.00 561.00 548.00 561.00 150,748 16:29:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.4 -0.5 -0.5 - 577

Jpmorgan Indian Investment Share Discussion Threads

Showing 1901 to 1920 of 2175 messages
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I have some Koovs KOOV so interested in your comments here....with regards to the overview of India and its market. They seem to be playing games with the currencies that's for sure. imon
Buyers moving back in as they don't want to be left out when this rallies on Wednesday when the Indian central bank cuts interest rates....
By Daniel Grote: One notable exception to all this buoyancy was India, which slumped 4.4% this week in its second week of losses. The Nifty 50 was one of the world's best performing stock markets last year and had carried some of that momentum into 2015 until the last fortnight. Earnings have begun to disappoint, and overseas investors have been withdrawing money from the country. In local currency terms, Indian shares are broadly back at the level they started the year, with only a rise in the rupee against the pound helping investors hold onto a 5.1% return so far in 2015. The rally in the rupee has begun to fade, however, with India's central bank likely to cut interest rates again next month, so that buffer may not be around for too long.
By Alan Brierley of Canaccord Genuity - JPMorgan India (JII): India was one of the best stock markets in the world last year. Over 12 months the £600 million single country fund has delivered a 51% shareholder return. Brierley first highlighted JII two years ago and continues to think it will do well. ‘The manager believes that a stable, reform-orientated and determined government is a very positive development while the bottom-up outlook continues to improve steadily. Accordingly, the portfolio is positioned for further momentum with a major overweight in financials and exposure to domestic-oriented sectors such as cement and autos.’
Maybe this will go to 700p again...
The higher dollar will force,U.S. hedge funds to to transfer investments to places like India where valuations are still low and the curreny gain against the U.S. dollar likely.... JII SHOULD RALLY TO 700p...
Just move the share price up to 600p what's the matter? No balls... More rate cuts,lower gas prices and the markets will rally...
600p is where jii should be now..
Interest rates will come down further in the coming months and the stock market will continue its upward momentum. Should see 700p in the coming months irrespective to whatever happens to the global markets...
Loganair- you should refer to your source as Moneyweek
India is set to grow faster than China – buy in if you haven’t already: I used to be sceptical about how much government really mattered when you were considering investing in a country. On reflection, that’s because I was young and ideologically blinkered. Of course governance matters. People might cite Belgium (“no government for ‘x’ years and still functioning”), or cheer when the US political system is gridlocked – “now the politicians can’t interfere”. But that only works when you live in a functional democracy with well-established property rights, a largely law-abiding, tax-paying citizenry, and the vast majority of the important infrastructure already laid out. In short, only a developed economy can afford the luxury of poor government. If you want to invest in emerging economies, governance matters. And that’s one reason why India has been doing so well recently… India shows why governance matters: India’s markets have been surging ever since prime minister Narendra Modi’s BJP gained power last May. He gained his reputation for competence by turning Gujarat into India’s fastest-growing state. From an economic point of view, Modi is seen as someone who gets things done – which is very much what red-tape and corruption-bound India needs. And over the weekend, the finance minister Arun Jaitely revealed the government’s first full budget. There were no major fireworks – just an assurance that the government is sticking to the plan of getting stuff done. The Indian government has decided to “slow down the pace of fiscal consolidation”, as the jargon has it. In other words, it’s not as worried about cutting its annual overspend as it had been. However, the extra spending is largely going on investing a lot more money into much-needed infrastructure – particularly roads and railways. The transport budget is being doubled over the next five years. Countries are always being told to take advantage of low interest rates to borrow and spend on infrastructure – India may be one of the few that can surely make good use of this. The government also plans to cut corporate tax sharply over the next four years, to improve inward investment. Another major tax move that remains on track is to impose the equivalent of VAT nationwide from April 2016. As John C Hulsman in City AM puts it: “The new national tax on goods and services will increase revenues, while in essence finally completing the Indian common market, as up until now different states have had a confusing and diverse series of local taxes.” There are a range of other measures. The plan is to make it easier to start businesses, and also to go bankrupt. Property taxation will be simplified. Limits on foreign ownership of banks will be looked at. Lower subsidies on fuel (made a lot easier by the drop in the price of crude oil). All the things we take for granted as being common sense, basically. Ways to improve the ease of doing business. Fewer arbitrary rules that were only ever established in the first place to protect favoured sectors or particularly accomplished lobbyists. And yet so hard to push through. Some pundits have complained that the budget wasn’t radical enough. But a brisk rather than revolutionary approach strikes me as sensible when you’re trying to deal with a nation full of entrenched interests. You don’t want to scare the horses too early on in the process. And you only need to look at the rest of the Brics (Brazil, Russia, and China), to see how difficult it is to meet your potential. Brazil I still find interesting, but it’s mired in a corruption scandal and smarting from falling resources prices. Russia – it only seems to be going from bad to worse. And while China looks good from an investment point of view, it’s also vulnerable to mistakes by the ruling party. In short, it’s really hard to make the leap from emerging economy to developed nation, and it’s so easy to end up backsliding. India is about to overtake China’s growth: So a steady pace doesn’t seem such a bad thing. And the upshot is that India is expected to grow more rapidly than China in the next fiscal year – by 8% - 8.5%, notes Hulsman. That’s pretty impressive by anyone’s standards – particularly against a backdrop of uncertain global growth. The Indian market is hardly cheap, but it’s certainly worth having some exposure to the country.
The possibility has been talked about for a while, but the International Monetary Fund thinks now that India could be growing faster than China by as soon as 2016. That’s partly down to the economic headwinds China’s facing, but it’s also about the opportunities being grasped in India, these include government-led reforms, falling interest rates and the effects of cheap oil. How fast can India grow? Perhaps one of the most exciting things about India right now is the ambition of the government. It’s thinking big, in terms of infrastructure development and all manner of business reforms. Take plans to fast-track the regeneration of the country’s vast inland waterways network. The rejuvenation could create vast numbers of jobs, bring trade to poorly linked towns and raise the competitiveness of companies. This is appealing in a country renowned for its overloaded road and rail networks. New inland routes for cargo ships have been mooted as well as new ports and floating hotels1. The pro-business government’s problem, of course, is age-old and that’s its ability to press reforms and infrastructure programmes through a democratic parliamentary system. It’s a difficulty shared with Japan but not so much China. Prime Minister Narendra Modi may have control of the Lok Sabha, or lower house, but opposition parties dominate the upper chamber, the Rajya Sabha. They, quite rightly, some would say, oppose compulsory land acquisitions and proposals to raise limits on foreign ownership in sectors such as insurance. Then there is India’s notoriously complex system of red tape, which requires that would-be foreign direct investors gain multiple clearances and approvals from state governments. That’s something Narendra Modi has pledged to tackle too. Fortunately for the government the pressure is off in one sense, and that’s the straightforward economic one. An upturn appears to be underway and it’s come without the need for the abnormal monetary policies of the west – rock-bottom interest rates or quantitative easing (that’s the process whereby central banks print money to buy assets like government bonds). Data out this week suggests the gap between growth in China and India is closing or has closed already. One reason why we can’t be sure is that the government changed the way it works out economic growth last quarter, it says, to align its data with global practices. The new data suggests the Indian economy grew at an annual rate of 7.5% in the October-December period. What India does need though is a much stronger manufacturing base. It’s estimated that 9 million people entered the workforce in 2013 alone3. It’s not that India’s 10-month-old government has been letting the grass grow. Its “Make in India” campaign, formed in partnership with the Japanese government, promises to establish an industrial corridor, encompassing 24 manufacturing cities stretching from Delhi to Mumbai4. In his next budget speech later this month, India’s finance minister Arun Jaitley is expected to announce more capital spending and tax breaks for manufacturing businesses5. With the arrival of Narendra Modi’s reformist government last year came the diminishment of some of India’s key macroeconomic risks, a factor not wasted on the Indian stock market, which has soared since last May’s general election6. That leaves doubts about whether this year can be as fruitful as the last, in particular, whether Indian companies can justify the effective upgrade they received last year by growing their earnings and profits in 2015. Whether or not they can do these things fast enough remains to be seen, but low commodity prices should offer a significant, further boost this year. India produces little of its own oil, so the continuing impact of the Saudi and American glut on the world oil price constitutes a considerable tailwind for corporate earnings. It helps to depress inflation (and, therefore, interest rates) boost consumption and eats into India’s current-account and fiscal deficits too. If India was to take just some of the foreign investment that might have been bound for China this year, the impact could be significant. India’s self-styled tag as “the world’s fastest growing democracy” may need updating to “the world’s fastest growing big economy” before too long.
Sp should be 600p......
There was a very positive report from Schroders on share radio this afternoon concluding India is the place to invest in for growth over the next few years. Superior to China. hTTp://
Should go down now no momentum..90 percent up in 1 year.... Is good ..
Liike I said 10 pound by year interest rates get cut by a few points then the market will go higher. There is no better market then india 1 more interest rate cuts. 2 increase in rupees against major currencies. 3 lower oil prices. 4 young qualified work force. 5 sellers are gone 6 lower cost of employment. 7 india will be the best performer this year.
should go 10% up easily as interest rates ease
it should breakout now big time.....
lower energy prices will increase profits in indian companies...and strong infrastucre projects worth billons will push the stock much higher. the net asset value is not reflect in the share price it should be 550p minimum.
Starting to move up...
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