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

India Capital Growth (LON:IGCGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 182 and last traded at GBX 180, with a volume of 295213 shares traded. The stock had previously closed at GBX 179.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on India Capital Growth

India Capital Growth Stock Up 0.6%

The business’s fifty day moving average is GBX 173.64 and its 200 day moving average is GBX 160.86. The stock has a market cap of £117.10 million, a PE ratio of -7.75 and a beta of 0.70.

About India Capital Growth

(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.

Further Reading

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