India Capital Growth (LON:IGC – Get Free Report) issued its earnings results 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 Trading Up 0.3%
Shares of India Capital Growth stock opened at GBX 178 on Friday. The stock has a market capitalization of £114.82 million, a price-to-earnings ratio of -7.66 and a beta of 0.70. India Capital Growth has a twelve month low of GBX 134.50 and a twelve month high of GBX 185. The business’s 50 day simple moving average is GBX 175.92 and its 200-day simple moving average is GBX 163.65.
Wall Street Analyst Weigh In
Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of India Capital Growth in a report on Friday, July 3rd.
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.
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