India Capital Growth (LON:IGC) Shares Up 0.3% - Here's Why

Shares of India Capital Growth (LON:IGC - Get Free Report) were up 0.3% on Wednesday . The stock traded as high as GBX 171.68 ($2.33) and last traded at GBX 169.50 ($2.30). Approximately 155,655 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 280,955 shares. The stock had previously closed at GBX 169 ($2.29).

India Capital Growth Stock Up 0.9%

The firm has a market capitalization of £147.64 million, a price-to-earnings ratio of 3.45 and a beta of 0.70. The company has a fifty day moving average price of GBX 164.67 and a two-hundred day moving average price of GBX 172.07.

India Capital Growth (LON:IGC - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The company reported GBX 27.04 ($0.37) earnings per share for the quarter. India Capital Growth had a return on equity of 25.12% and a net margin of 93.35%.

Insider Activity

In related news, insider Lynne Duquemin purchased 6,075 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of GBX 162 ($2.20) per share, with a total value of £9,841.50 ($13,364.34). Corporate insiders own 0.24% of the company's stock.

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.