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home / news releases / IGC - IGC Stock Pulls Back After Solid Run Up Past Two Weeks

IGC - IGC Stock Pulls Back After Solid Run Up Past Two Weeks

India Globalization Capital Inc.

IGC stock has been correcting since yesterday on profit-taking after rising as much as 150% since June 13.

Stock Jumps After Big Announcement

On June 14, India Globalization Capital Inc (NYSE:IGC) made a significant announcement about the fact that it was going to participate in hemp production as part of the Industrial Hemp Program in Arizona. The market obviously took notice of the announcement, and IGC stock rallied by as much as 50% on the same day. The momentum continued, IGC stock gaining 100% since the announcement so far.

The company’s wholly-owned subsidiary Holi ...

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Stock Information
Company Name: India Globalization Capital Inc.
Stock Symbol: IGC
Market: NYSE
Website: igcinc.us
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