India Capital Growth (LON:IGC) Shares Up 4.7% - Should You Buy?

India Capital Growth (LON:IGC - Get Free Report)'s share price traded up 4.7% during trading on Tuesday . The stock traded as high as GBX 168.50 ($2.24) and last traded at GBX 166.50 ($2.21). 231,180 shares changed hands during trading, a decline of 27% from the average session volume of 316,756 shares. The stock had previously closed at GBX 159 ($2.11).

India Capital Growth Stock Performance

The firm has a market cap of £143.75 million, a price-to-earnings ratio of 3.36 and a beta of 0.70. The stock's fifty day moving average is GBX 157.58 and its two-hundred day moving average is GBX 174.69.

India Capital Growth (LON:IGC - Get Free Report) last announced its quarterly earnings results on Friday, March 28th. The company reported GBX 27.04 ($0.36) EPS for the quarter. India Capital Growth had a net margin of 93.35% and a return on equity of 25.12%.

Insiders Place Their Bets

In related news, insider Lynne Duquemin acquired 6,075 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of GBX 162 ($2.15) per share, for a total transaction of £9,841.50 ($13,088.84). 0.24% of the stock is currently owned by insiders.

About India Capital Growth

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.