India Capital Growth (LON:IGC) Announces Quarterly Earnings Results

India Capital Growth (LON:IGC) released 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 Stock Performance

IGC stock traded down GBX 1 during midday trading on Thursday, reaching GBX 179. The stock had a trading volume of 138,120 shares, compared to its average volume of 249,916. The firm has a fifty day simple moving average of GBX 175.57 and a two-hundred day simple moving average of GBX 163.34. India Capital Growth has a 52-week low of GBX 134.50 and a 52-week high of GBX 185. The stock has a market cap of £115.46 million, a PE ratio of -7.71 and a beta of 0.70.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed 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.