India Capital Growth (LON:IGC) Stock Price Up 1.3% – Should You Buy?

India Capital Growth (LON:IGC)’s share price rose 1.3% on Thursday . The company traded as high as GBX 170 and last traded at GBX 170. Approximately 146,616 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 260,544 shares. The stock had previously closed at GBX 167.90.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of India Capital Growth in a report on Thursday, November 20th.

India Capital Growth Stock Up 0.6%

The stock’s fifty day simple moving average is GBX 174.26 and its 200-day simple moving average is GBX 174.21. The company has a market capitalization of £144.28 million, a PE ratio of -17.17 and a beta of 0.70.

India Capital Growth (LON:IGC) last announced its quarterly earnings results on Thursday, September 25th. The company reported GBX (19.60) EPS for the quarter. India Capital Growth had a return on equity of 25.12% and a net margin of 93.35%.

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.