India Globalization Capital (IGC) Stock Pops Up During Last Week: Will It Continue?

Yesterday, after the market has opened, the stock rocketed from $1.421 to $1.69, indicating the greatest value of $1.79. Today, after the market opened, the stock stands volatile at approximately $1.69. What is affecting the change?
India Globalization Capital (IGC) Stock Pops Up During Last Week: Will It Continue?As previously announced, for Cohort 1, we administered one dose of the investigational new drug IGC-AD1 per day to trial participants. We increased the dosage to two doses of IGC-AD1 per day in Cohort 2, which was conducted from early February 2021 through mid-May 2021. The Phase 1 clinical trial on Alzheimer’s patients is currently anticipated to conclude during the July through September 2021 timeframe.

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The company’s shares are expected to skyrocket because of the study’s effectiveness, repeating the performance of February 10, 2021, leading the stock to an astonishing $3.1. Is it worthwhile to invest in such companies? This is undoubtedly a risk, but if the investor believes in the enterprise, it may turn out to be a significant benefit in the long term.

Jack Dawkins

Finance and Tech Contributor