India Globalization Capital, Inc. (IGC) Stock: What Does the Chart Say Friday?

The market has been down on India Globalization Capital, Inc. (IGC) stock recently. IGC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

India Globalization Capital, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on IGC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With IGC Stock Today?

India Globalization Capital, Inc. (IGC) stock is trading at $1.42 as of 3:16 PM on Friday, Oct 22, a decline of -$0.06, or -3.74% from the previous closing price of $1.47. The stock has traded between $1.41 and $1.46 so far today. Volume today is 775,784 compared to average volume of 668,069.

More About India Globalization Capital, Inc.

India Globalization Capital Inc is an investment holding company. The company's operating segment includes Infrastructure and Life Sciences. It generates maximum revenue from the Infrastructure segment. The Infrastructure Business segment involves the execution of construction contracts, the rental of heavy construction equipment, and the purchase and resale of physical commodities used in infrastructure. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in India. Click Here to get the full Stock Report for India Globalization Capital, Inc. stock.