India Capital Growth (LON:IGC) Stock Price Down 0.9% - Here's Why

Key Points

• India Capital Growth (LON:IGC) shares fell by 0.9% during mid-day trading, with a last trading price of GBX 169.50 ($2.29).
• The stock's trading volume decreased by 25%, indicating lower investor activity compared to its average daily volume.
• India Capital Growth has a market cap of £144.78 million and is focused on long-term capital appreciation through investments in mid and small cap Indian companies.

Shares of India Capital Growth (LON:IGC - ) dropped 0.9% during mid-day trading on Monday . The company traded as low as GBX 169.50 ($2.29) and last traded at GBX 169.50 ($2.29). Approximately 200,319 shares changed hands during trading, a decline of 25% from the average daily volume of 268,152 shares. The stock had previously closed at GBX 171 ($2.31).

India Capital Growth Trading Down 0.9%

The stock has a 50-day simple moving average of GBX 175.94 and a 200-day simple moving average of GBX 169.93. The company has a market cap of £144.78 million, a price-to-earnings ratio of 626.85 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.

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