IGC’s NAV is up 28.8% since our last note was published on 23 March 2016 (its price is up 20.1%) yet, in recent weeks, its discount has widened to 20.4%. There is no good reason why the discount should be widening, in our view.
08 Jul 2016
Indian powerhouse
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Indian powerhouse
India Capital Growth Fund Limited (IGC:LON) | 160 -3.2 (-1.2%) | Mkt Cap: 139.6m
- Published:
08 Jul 2016 -
Author:
Ed Marten -
Pages:
11
IGC’s NAV is up 28.8% since our last note was published on 23 March 2016 (its price is up 20.1%) yet, in recent weeks, its discount has widened to 20.4%. There is no good reason why the discount should be widening, in our view.