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In a turbulent market environment, the India Fund Inc. (IFN) stock has reached its 52-week low, trading at $14.39. The $542 million closed-end fund currently offers an attractive 12.7% dividend yield and has maintained dividend payments for 16 consecutive years, according to InvestingPro data. This price level reflects a significant downturn for the closed-end fund, which specializes in Indian market equities. Trading at a P/E ratio of 3.16 and showing a beta of 0.83, the fund has experienced a steep decline, with its 1-year total return at -20.24%. Investors are closely monitoring the fund’s performance as it navigates through the economic headwinds affecting the Indian market and broader global financial trends. The 52-week low serves as a critical juncture for IFN, as market participants consider the fund’s future trajectory in light of ongoing volatility. InvestingPro analysis indicates the stock is in oversold territory, with several additional technical indicators available to subscribers.
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