India Capital Growth Fund Limited Update research from QuotedData
29 March 2017 - 9:38PM
RNS Non-Regulatory
TIDMIGC
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 GBP100m 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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END
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