India Capital Growth (LON:IGC) Issues Quarterly Earnings Results

India Capital Growth (LON:IGC) posted its earnings results 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 Trading Down 2.7%

IGC stock opened at GBX 175.12 on Thursday. The stock has a 50-day moving average price of GBX 175.57 and a two-hundred day moving average price of GBX 163.34. India Capital Growth has a 1 year low of GBX 134.50 and a 1 year high of GBX 185. The stock has a market cap of £112.96 million, a PE ratio of -7.54 and a beta of 0.70.

Wall Street Analysts Forecast Growth

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

About India Capital Growth

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.