India Capital Growth (LON:IGC) Reaches New 1-Year High – Here’s Why

Shares of India Capital Growth (LON:IGC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 182 and last traded at GBX 180, with a volume of 295213 shares changing hands. The stock had previously closed at GBX 179.

Wall Street Analysts Forecast Growth

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

India Capital Growth Trading Up 0.6%

The company has a market capitalization of £117.10 million, a price-to-earnings ratio of -7.75 and a beta of 0.70. The firm’s 50 day simple moving average is GBX 173.64 and its 200-day simple moving average is GBX 160.86.

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.