India Capital Growth (LON:IGC – Get Free Report) posted its earnings results on Thursday. The company reported GBX 4.99 EPS 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 Stock Performance
IGC traded up GBX 0.50 during midday trading on Thursday, hitting GBX 180.50. The company had a trading volume of 85,590 shares, compared to its average volume of 249,631. India Capital Growth has a twelve month low of GBX 134.50 and a twelve month high of GBX 185. The company has a market capitalization of £116.43 million, a PE ratio of -7.77 and a beta of 0.70. The firm’s 50-day simple moving average is GBX 175.57 and its 200-day simple moving average is GBX 163.34.
Wall Street Analyst Weigh In
Separately, Shore Capital Group restated a “house stock” rating on shares of India Capital Growth in a research note 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.
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