India Capital Growth (LON:IGC) Announces Quarterly Earnings Results

Key Points

• Quarterly results: India Capital Growth reported EPS of GBX (23.23) and posted a negative return on equity of 4.96% with a net margin of -44.95%.
• Stock performance: Shares were flat at GBX 140 on the day with 41,529 shares traded (vs. average 363,528), a market cap of £93.22m and a negative P/E of -14.06, and the price sits below the 50- and 200-day moving averages (GBX 153.52 and GBX 165.48).
• Strategy: The fund aims for long-term capital appreciation by investing predominantly in mid- and small-cap Indian companies and does not hedge its Indian rupee exposure.

India Capital Growth (LON:IGC - ) issued its quarterly earnings results on Thursday. The company reported GBX (23.23) earnings per share (EPS) for the quarter, Digital Look Earnings reports. India Capital Growth had a negative return on equity of 4.96% and a negative net margin of 44.95%.

India Capital Growth Stock Performance

Shares of IGC remained flat at GBX 140 during midday trading on Thursday. 41,529 shares of the stock traded hands, compared to its average volume of 363,528. The company's 50-day moving average is GBX 153.52 and its 200 day moving average is GBX 165.48. The stock has a market capitalization of £93.22 million, a price-to-earnings ratio of -14.06 and a beta of 0.70. India Capital Growth has a 1-year low of GBX 136 and a 1-year high of GBX 191.50.

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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