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What’s happening to IGC?
lynne shaffer
Posted: 17 May 2018 18:37:13(UTC)
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Joined: 15/03/2011(UTC)
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IGC hasn’t stopped moving downwards over the past 7-10 days?

I can’t find any specific reason.
1 user thanked lynne shaffer for this post.
laang lee on 20/05/2018(UTC)
laang lee
Posted: 20 May 2018 09:54:38(UTC)
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Joined: 29/11/2017(UTC)
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Me too,
I have heard little of anything in India's domestic situation recently that would bring on this downturn. No recent major sells, but lots of smaller sells. Wondering if the April rise has brought in sellers thinking, " I should have taken profits in Jan. Now the price is back over 100, let's sell."
Having invested in some other IT's, on Jan 29, I missed the buying opportunities that many posters on CW found in Feb/March.
However, with IGC ticking up in April, I thought a purchase would be a good long (medium) term investment.
I'm not the only one who buys just before the price drops, but *long term* for me is more like 5 years than 20.
I also hold Kotak Mid-cap. bought about 3 years ago.
IGC shot ahead, and was looking a lot better, - until recently.
So would be grateful for any insights.
Blue S
Posted: 20 May 2018 11:12:07(UTC)
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Joined: 13/06/2017(UTC)
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The S&P BSE Midcap has decreased from around just over 17k at the start of the month to around 15 900 now.
https://m.moneycontrol.c...ces/bse-mid-cap-25.html
The GBP/INR looks to have been fairly stable this month, but the trend of last month has stopped.
https://m.uk.investing.com/currencies/gbp-inr
Some news here:
https://m.economictimes....rticleshow/64217723.cms
I believe there is also concern for all EMs with regard to a stronger USD and higher US interest rates going forward
My comment would be that you should expect significant volitility with a mid/small cap single country IT. Remember IGC had a drop of around 85% back in 2008/09. (~90p to ~15p)
I hold a position in IGC having changed from ANII last year when IGCs charges became more tolerable, although still high, and during this period IGC has beaten ANII despite the recent drop. If IGC drops to trigger my rebalancing I will be buying more.
If the volitility is of concern to you perhaps you need to review your risk tolerance ?
2 users thanked Blue S for this post.
laang lee on 20/05/2018(UTC), Tim D on 20/05/2018(UTC)
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