India Capital Growth (LON:IGC) Reaches New 12-Month High – What’s Next?

Shares of India Capital Growth (LON:IGC) hit a new 52-week high during trading on Thursday. The company traded as high as GBX 182 and last traded at GBX 182, with a volume of 78,474 shares traded. The stock had previously closed at GBX 178.50.

Analyst Ratings Changes

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

India Capital Growth Stock Up 2.0%

The stock has a market capitalization of £116.71 million, a P/E ratio of 133.82 and a beta of 0.70. The firm has a 50-day moving average of GBX 176.97 and a 200 day moving average of GBX 166.79.

India Capital Growth (LON:IGC) last released its quarterly earnings data on Thursday, September 24th. The company reported GBX 4.99 EPS for the quarter. India Capital Growth had a net margin of 1.40% and a return on equity of 0.32%.

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.