India Capital Growth (LON:IGC) Stock Price Up 1.2% – Should You Buy?

India Capital Growth (LON:IGCGet Free Report) shares rose 1.2% on Friday . The stock traded as high as GBX 174 and last traded at GBX 172. Approximately 53,056 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 256,041 shares. The stock had previously closed at GBX 170.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of India Capital Growth in a report on Thursday, November 20th.

Read Our Latest Report on India Capital Growth

India Capital Growth Trading Up 1.2%

The stock has a 50-day simple moving average of GBX 174.93 and a 200 day simple moving average of GBX 174.21. The company has a market cap of £145.13 million, a price-to-earnings ratio of -17.27 and a beta of 0.70.

India Capital Growth Company Profile

(Get Free Report)

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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