India Capital Growth (LON:IGC) Shares Down 0.3% – Should You Sell?

Shares of India Capital Growth (LON:IGC) dropped 0.3% during mid-day trading on Tuesday . The stock traded as low as GBX 166 ($2.21) and last traded at GBX 168.50 ($2.24). Approximately 174,217 shares changed hands during trading, a decline of 41% from the average daily volume of 296,934 shares. The stock had previously closed at GBX 169 ($2.25).

India Capital Growth Stock Performance

The firm has a market capitalization of £145.48 million, a P/E ratio of 3.40 and a beta of 0.70. The firm has a 50 day moving average price of GBX 160.41 and a two-hundred day moving average price of GBX 173.17.

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

Insider Activity

In other India Capital Growth news, insider Lynne Duquemin purchased 6,075 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were bought at an average price of GBX 162 ($2.16) per share, with a total value of £9,841.50 ($13,097.55). 0.24% of the stock is currently owned by corporate 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.