In a challenging economic climate, the India Fund Inc. (IFN) stock has reached a 52-week low, dipping to $16.58. With a market capitalization of $624 million and a beta of 0.82, the fund shows lower volatility than the broader market. This latest price level reflects a notable downturn in the fund's performance, aligning with broader market trends that have impacted similar investment vehicles. InvestingPro analysis reveals the fund trades at an attractive P/E ratio of 3.65. Over the past year, IFN has experienced mixed performance, while maintaining its impressive 22.14% dividend yield and 15-year track record of consistent dividend payments. The fund, which aims to provide long-term capital appreciation by investing primarily in Indian equity securities, has been subject to the volatility of the region's market conditions. InvestingPro subscribers can access additional insights and metrics to better evaluate this high-yielding investment opportunity.
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