India Capital Growth (LON:IGC) Releases Earnings Results

India Capital Growth (LON:IGC) announced its quarterly earnings data 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 Trading Down 1.1%

IGC stock traded down GBX 2 during midday trading on Thursday, hitting GBX 178. 138,168 shares of the company’s stock were exchanged, compared to its average volume of 249,917. India Capital Growth has a 1-year low of GBX 134.50 and a 1-year high of GBX 185. The stock has a market capitalization of £114.82 million, a PE ratio of -7.66 and a beta of 0.70. The business has a 50-day simple moving average of GBX 175.57 and a two-hundred day simple moving average of GBX 163.34.

Analysts Set New Price Targets

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

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.