IFN: Finding A Way To Navigate India's Perfect Storm [Seeking Alpha]
India Fund, Inc. (The) (IFN)
US:NYSE Investor Relations:
aberdeenifn.com
Company Research
Source: Seeking Alpha
IFN: Finding A Way To Navigate India's Perfect Storm Summary India is in the middle of a credit crisis that started in shadow banking, but is impacting the entire economy. However, the country has several long run advantages. Additionally, returns on the upside during emerging market booms can be extreme. IFN is a closed end fund focused on India. Its sector exposure is similar to the index, but it is more selective and focused on better capitalized companies. I’m still not comfortable diving into Indian equities, but I’m keeping IFN on my watchlist. A shadow banking crisis has darkened the outlook for India’s economy. Recent high profile bank failures Although the epicenter of this crisis is in the financial sector, especially non bank financial companies (NBFCs), the impact is spreading throughout the economy. Credit availability has plummeted for both businesses and consumers. Many skyscrapers are being left half built. Between 55-60% of first time borrowers rely on non-bank lender
Show less
Read more
Impact Snapshot
Event Time:
IFN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IFN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IFN alerts
High impacting India Fund, Inc. (The) news events
Weekly update
A roundup of the hottest topics
IFN
Sec Filings
- 9/6/24 - Form N-CSRS
- 9/3/24 - Form N-PX
- 8/28/24 - Form NPORT-P
- IFN's page on the SEC website