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In a year marked by significant volatility, the India Fund Inc. (IFN) stock has recorded a new 52-week low, dipping to $14.02. According to InvestingPro data, the fund's RSI indicates oversold territory, while maintaining an impressive 12.8% dividend yield with a modest P/E ratio of 5.42. This latest price level reflects a stark contrast to the fund's performance over the past year, with the India Closed Fund experiencing a substantial 1-year change, plummeting by -26.99%. Despite market challenges, the fund has maintained dividend payments for 16 consecutive years, demonstrating resilience. Investors are closely monitoring the fund as it navigates through the economic headwinds that have impacted its valuation, with many keeping an eye on potential shifts in the market that could influence its recovery trajectory. InvestingPro subscribers can access 6 additional key insights about IFN's market position and future prospects.
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