India Capital Growth (LON:IGC) Reaches New 1-Year High – Should You Buy?

India Capital Growth (LON:IGC)’s share price reached a new 52-week high during trading on Thursday. The stock 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.

Analysts Set New Price Targets

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

India Capital Growth Trading Up 2.0%

The firm has a market cap of £116.71 million, a P/E ratio of 133.82 and a beta of 0.70. The company’s fifty day moving average price is GBX 176.97 and its two-hundred day moving average price is GBX 166.79.

India Capital Growth (LON:IGC) last announced its quarterly earnings results on Thursday, September 24th. The company reported GBX 4.99 earnings per share (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.