India Capital Growth (LON:IGC) Shares Up 1.8% – Here’s Why

India Capital Growth (LON:IGC – Get Free Report) shares rose 1.8% during mid-day trading on Friday . The company traded as high as GBX 170.50 and last traded at GBX 170. 73,368 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 264,851 shares. The stock had previously closed at GBX 167.

Analyst Upgrades and Downgrades

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

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India Capital Growth Trading Up 1.8%

The company has a market capitalization of £111.47 million, a PE ratio of -7.32 and a beta of 0.70. The stock’s 50-day moving average is GBX 165.24 and its two-hundred day moving average is GBX 158.13.

India Capital Growth Company Profile

(Get Free Report)

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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