RNS Announcement

3:01 PM: (IGC) Update research from QuotedData

RNS Number : 6504S
India Capital Growth Fund Limited
26 June 2018

India Capital Growth – Update research from QuotedData

 

26th June 2018

 

A return to earnings growth

 

Earnings figures for the companies in India Capital Growth (IGC)’s portfolio are increasing as India puts the disruptive effects of demonetisation and the introduction of the Goods and Services Tax (GST) – both of which were covered in QuotedData’s March 2017 note – behind it. Rising oil prices may be a headwind but India’s domestically focused economy should be relatively sheltered from a global trade war. Gaurav Narain, investment adviser to IGC, thinks we could see the companies in IGC’s portfolio reporting average earnings growth of at least 20% a year for the periods ending March 2019 and March 2020.

 

Full research:

https://quoteddata.com/2018/06/india-capital-growth-return-earnings-growth/

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