India Capital Growth (LON:IGC – Get Free Report) announced its quarterly earnings results on Thursday. The company reported GBX 4.99 earnings per share (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 Price Performance
LON IGC traded up GBX 0.50 during trading on Friday, reaching GBX 178. 60,893 shares of the company’s stock traded hands, compared to its average volume of 248,896. The firm has a market cap of £114.82 million, a price-to-earnings ratio of -7.66 and a beta of 0.70. The company’s 50 day simple moving average is GBX 175.75 and its two-hundred day simple moving average is GBX 163.55. India Capital Growth has a 12-month low of GBX 134.50 and a 12-month high of GBX 185.
Analyst Upgrades and Downgrades
Separately, Shore Capital Group restated a “house stock” rating on shares of India Capital Growth in a report 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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