New York, NY / ACCESSWIRE / April 22, 2014 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has initiated coverage on India Globalization Capital, Inc. (NYSE MKT: IGC) with a target price of $3.05.
“As a company engaged in diversified investments, IGC has built an attractive track record under the stewardship of its CEO, Ram Mukunda,” remarked Ajay Tandon, CEO of SeeThruEquity. “We are especially intrigued by the company’s recent announcement that IGC is focusing on the burgeoning medical marijuana industry as an area of acquisition interest, and we would view a comprehensive expansion into the space as a very attractive opportunity. We are initiating coverage with a price target of $3.05 per share.”
The note is available here: IGC Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will also be available on these platforms.
Please review important disclosures on our website at http://www.seethruequity.com/.
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit http://www.seethruequity.com/.
Based in Bethesda, Maryland, India Globalization Capital, Inc. is engaged in the beneficiation, trading and leasing industries in the U.S., China and India. The Company’s plan in the short term is to create cash flow from existing assets and in the medium term to expand its asset base through opportunistic acquisitions. For more information about IGC, please visit IGC’s website at http://www.indiaglobalcap.com/.