India Capital Growth (LON:IGC) Sets New 1-Year High – Here’s Why

India Capital Growth (LON:IGC)’s share price reached a new 52-week high during trading on Monday . The stock 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.

Analysts Set New Price Targets

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

India Capital Growth Stock Performance

The firm has a market capitalization of £116.64 million, a price-to-earnings ratio of -7.78 and a beta of 0.70. The business’s 50 day moving average is GBX 175.38 and its 200-day moving average is GBX 163.11.

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.