India Capital Growth (LON:IGC) Sets New 12-Month Low – Time to Sell?

India Capital Growth (LON:IGC)’s share price reached a new 52-week low on Friday . The stock traded as low as GBX 139.50 and last traded at GBX 144.70, with a volume of 144488 shares changing hands. The stock had previously closed at GBX 145.50.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of India Capital Growth in a research note on Thursday, November 20th.

India Capital Growth Stock Down 0.5%

The business’s fifty day moving average is GBX 157.63 and its two-hundred day moving average is GBX 167.08. The stock has a market cap of £96.35 million, a price-to-earnings ratio of -14.53 and a beta of 0.70.

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.