India Capital Growth (LON:IGC) Issues Earnings Results

India Capital Growth (LON:IGC) announced its quarterly earnings data on Thursday. The company reported GBX 4.99 earnings per share for the quarter, Digital Look Earnings reports. India Capital Growth had a negative return on equity of 13.65% and a negative net margin of 70.78%.

India Capital Growth Price Performance

Shares of IGC traded down GBX 1 during mid-day trading on Thursday, reaching GBX 179. 85,587 shares of the company’s stock traded hands, compared to its average volume of 249,631. The stock’s 50-day moving average is GBX 175.57 and its two-hundred day moving average is GBX 163.34. India Capital Growth has a 12 month low of GBX 134.50 and a 12 month high of GBX 185. The stock has a market cap of £115.46 million, a P/E ratio of -7.71 and a beta of 0.70.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of India Capital Growth in a research note on Friday, July 3rd.

India Capital Growth Company Profile

Fund Objective:
To provide long term capital appreciation by investing predominantly in listed mid and small cap Indian companies. Investments may also be made in large cap Indian companies where the Fund Manager believes long-term capital appreciation will be achieved. The Company may hold liquid assets (including cash) pending deployment in suitable investments. It is the Company’s declared policy not to hedge the exposure to the Indian Rupee.