India Capital Growth (LON:IGC – Get Free Report) posted 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 net margin of 70.78% and a negative return on equity of 13.65%.
India Capital Growth Price Performance
LON IGC traded up GBX 1 during trading hours on Friday, hitting GBX 178.50. 54,007 shares of the company’s stock traded hands, compared to its average volume of 248,859. India Capital Growth has a 52-week low of GBX 134.50 and a 52-week high of GBX 185. The company has a market capitalization of £115.14 million, a PE ratio of -7.68 and a beta of 0.70. The firm’s 50-day moving average is GBX 175.75 and its 200-day moving average is GBX 163.55.
Wall Street Analyst Weigh In
Separately, Shore Capital Group restated a “house stock” rating on shares of India Capital Growth in a research 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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