India Capital Growth (LON:IGC) Stock Price Down 0.6% – What’s Next?

India Capital Growth (LON:IGC) traded down 0.6% during trading on Wednesday . The company traded as low as GBX 156 and last traded at GBX 157.99. 161,929 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 286,510 shares. The stock had previously closed at GBX 159.

India Capital Growth Price Performance

The company has a market capitalization of £103.49 million, a price-to-earnings ratio of -6.74 and a beta of 0.70. The business’s 50 day simple moving average is GBX 153.11 and its 200 day simple moving average is GBX 159.28.

India Capital Growth (LON:IGC) last posted its quarterly earnings data on Thursday, March 26th. The company reported GBX (23.23) EPS for the quarter. India Capital Growth had a negative net margin of 70.78% and a negative return on equity of 13.65%.

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.