India Capital Growth (LON:IGC) Posts Earnings Results

India Capital Growth (LON:IGCGet Free Report) 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 1.9%

Shares of India Capital Growth stock opened at GBX 176.50 on Thursday. India Capital Growth has a 1 year low of GBX 134.50 and a 1 year high of GBX 185. The company’s fifty day simple moving average is GBX 175.57 and its 200-day simple moving average is GBX 163.34. The company has a market cap of £113.85 million, a price-to-earnings ratio of -7.60 and a beta of 0.70.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on IGC

About India Capital Growth

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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.

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