As the trading week gradually comes to a close for the week, it may be a good time for investors to take a look at some of the stocks which may have clocked significant gains so far. One of the major gainers over the past week has been the India Globalization Capital Inc (NYSEAMERICAN:IGC) stock, which has managed to clock gains of as much as 9% during the period.
Trading Data
On Thursday, IGC stock gained 2.83% to $1.09 with more than 701k shares, compared to its average volume of 641K shares. The stock moved within a range of $1.0200 – 1.1500 after opening trade at $1.07.
IGC Reports Financial Results for the December 31, 2021 Quarter
Yesterday, the stock was in focus after it announced its financial results for the quarter that had ended on December 31, 2021. It was actually the third quarter for the 2022 fiscal year for India Globalization Capital.
In the life sciences business, the company managed to bring in revenues to the tune of as much as $134,000 and that reflected a significant rise from the $56,000 in revenues that had been generated in the prior year period. On the other hand, the company also has an infrastructure segment, which holds a construction contact.
That business managed to generate only $8000 in revenues in the quarter and that was significantly lower than the $56,000 in revenues that were generated in the prior year period. It may be a good time to add the India Globalization Capital stock to your watch lists.
Technical Data
IGC stock is above the 20-Day and 50-Day Moving averages of $1 and $1.06 respectively. However, the stock is trading above the 200-Day moving average of $1.41. The stock is up 12% in the past month.
