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

India Globalization Capital, Inc. (IGC) stock has risen 6.98% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

India Globalization Capital, Inc. has a Neutral 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With IGC Stock Today?

India Globalization Capital, Inc. (IGC) stock is trading at $0.46 as of 2:40 PM on Tuesday, Oct 4, an increase of $0.02, or 4.3% from the previous closing price of $0.44. The stock has traded between $0.44 and $0.47 so far today. Volume today is light. So far 143,476 shares have traded compared to average volume of 465,808 shares.

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 Life Sciences 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. The Life Sciences Segment includes biopharmaceuticals and Over the Counter Products 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.