India Capital Growth (LON:IGC) Reaches New 12-Month High – Still a Buy?

Shares of India Capital Growth (LON:IGC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 182 and last traded at GBX 182, with a volume of 374091 shares. The stock had previously closed at GBX 178.

Analysts Set New Price Targets

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

India Capital Growth Stock Up 2.2%

The firm has a market cap of £117.40 million, a P/E ratio of -7.83 and a beta of 0.70. The business has a fifty day simple moving average of GBX 175 and a 200-day simple moving average of GBX 162.61.

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.