Update research from QuotedData

RNS Number : 8981A

India Capital Growth Fund Limited

29 March 2017

 

India Capital Growth - Update research from QuotedData

29^th March 2017

Full steam ahead

With last year's successful subscription share exercise (discussed in QuotedData's last note) pushing India Capital Growth (IGC)'s net assets through the £100m mark; strong performance relative to peers; and buoyant conditions in India, IGC's focus is now on driving down the discount that its shares trade at relative to its net asset value. Recent poll success by India's ruling political party, the BJP, has put a stamp of approval on its ambitious reform agenda. IGC's manager believes that there may be a temporary dip in growth as the Goods and Services Tax (GST) is introduced this summer, but thinks this should have long-term positive effects.

Full research:

http://quoteddata.com/2017/03/india-capital-growth-full-steam/

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NB: this note has been prepared for India Capital Growth by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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