India Capital Growth (LON:IGC) Trading Up 0.6% – Still a Buy?

India Capital Growth (LON:IGC) shot up 0.6% during trading on Friday . The stock traded as high as GBX 178 and last traded at GBX 178. Approximately 56,453 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 256,440 shares. The stock had previously closed at GBX 177.

Wall Street Analysts Forecast Growth

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 Trading Up 0.6%

The firm has a market capitalization of £115.79 million, a PE ratio of -7.66 and a beta of 0.70. The business’s 50 day simple moving average is GBX 170.82 and its two-hundred day simple moving average is GBX 159.17.

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.