India Capital Growth (LON:IGC) Reaches New 12-Month High – Still a Buy?

India Capital Growth (LON:IGC) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 182 and last traded at GBX 182, with a volume of 374091 shares traded. The stock had previously closed at GBX 178.

Analyst Upgrades and Downgrades

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

India Capital Growth Stock Performance

The company has a market capitalization of £117.40 million, a PE ratio of -7.83 and a beta of 0.70. The company’s 50-day moving average is GBX 175 and its 200 day moving average is GBX 162.61.

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.