Signature Global

Signature Global posts ₹47 cr loss in Jul-Sep

ICICI Securities, Motilal Oswal, and Nuvama Institutional Equities shed light on Signature Global stock as they expect up to 61 per cent upside in the real estate developer after its Q4 results. Shares closed marginally higher after Tuesday's market session.

Signature Global: The stock has also jumped over 65 percent in 2024 YTD. It is currently just 7.5 percent away from its record high of ₹1,569.95, hit on July 9, 2024.

Signature Global share price tripled investors' wealth in 8 months, surging 229 per cent since its debut. Kotak upgraded the stock to an 'add' from a 'sell' with a fair value of ₹1,375 on strong FY24 results.

SignatureGlobal delivered 43% sales booking CAGR over FY21-23, largely through affordable/ mid-income housing projects. The company has now forayed into premium group housing projects in prime areas of Gurugram.

The Rs 730 crore initial public offering (IPO) of Signature Global opened for bidding on September 20 and will close on September 22. The real-estate developer has fixed the price band in the range of Rs 366-385 per share for the issue.

SignatureGlobal delivered 43% sales booking CAGR over FY21-23, largely through affordable/ mid-income housing projects. The company has now forayed into premium group housing projects in prime areas of Gurugram.