India Capital Growth (LON:IGC) Reaches New 52-Week High – Here’s Why

Shares of India Capital Growth (LON:IGC) hit a new 52-week high during trading on Thursday. The company traded as high as GBX 182 and last traded at GBX 182, with a volume of 78,474 shares. The stock had previously closed at GBX 178.50.

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 Down 1.7%

The business has a 50-day moving average price of GBX 177.11 and a two-hundred day moving average price of GBX 167.15. The firm has a market capitalization of £112.87 million, a price-to-earnings ratio of 129.41 and a beta of 0.70.

India Capital Growth (LON:IGC) last issued its earnings results on Thursday, September 24th. The company reported GBX 4.99 earnings per share for the quarter. India Capital Growth had a return on equity of 0.32% and a net margin of 1.40%.

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.