India Capital Growth (LON:IGC) Issues Earnings Results

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

India Capital Growth Trading Up 0.3%

Shares of LON:IGC traded up GBX 0.50 during midday trading on Friday, hitting GBX 178. The company had a trading volume of 60,893 shares, compared to its average volume of 248,896. India Capital Growth has a 12 month low of GBX 134.50 and a 12 month high of GBX 185. The firm has a fifty day simple moving average of GBX 175.92 and a 200 day simple moving average of GBX 163.65. The stock has a market cap of £114.82 million, a price-to-earnings ratio of -7.66 and a beta of 0.70.

Analyst Ratings Changes

Separately, Shore Capital Group reissued 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.