India ETF slides most since 2021 after Modi’s narrower-than-expected win stuns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2024
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Source: MarketWatch
- iShares MSCI India ETF Decline: Shares of the iShares MSCI India ETF dropped by 6.1% following Prime Minister Narendra Modi's election victory with less support than expected.
- Asset Under Management: The ETF, which manages $10 billion in assets, experienced its largest daily decline since December 2021.
- Record Peak: The fund tumbled from a record peak achieved just the day before the significant drop.
- Year-to-Date Gains: The ETF's year-to-date gains were reduced to 5.4% after the Tuesday decline.
- Market Data: Information from Dow Jones Market Data was used to track the performance of the iShares MSCI India ETF.
Analyst Views on INDA
Wall Street analysts forecast INDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INDA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 51.795
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Current: 51.795
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
