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

India Capital Growth (LON:IGC) issued its quarterly earnings data on Thursday. The company reported GBX 4.99 earnings per share 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 traded down GBX 2 during mid-day trading on Thursday, reaching GBX 178. The stock had a trading volume of 138,168 shares, compared to its average volume of 249,917. The firm’s fifty day simple moving average is GBX 175.57 and its two-hundred day simple moving average is GBX 163.34. The stock has a market capitalization of £114.82 million, a P/E ratio of -7.66 and a beta of 0.70. India Capital Growth has a 52 week low of GBX 134.50 and a 52 week high of GBX 185.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “house stock” rating on shares of India Capital Growth in a research note 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.