New Delhi: Leading brokerage firms ICICI Securities, Axis Securities, and Motilal Oswal have expressed confidence in Signature Global (India) Ltd., citing strong growth momentum, robust pre-sales performance, and a well-planned expansion strategy.
Brokerage Insights & Key Takeaways:
- ICICI Securities maintains a BUY rating with a target price of INR 2,058, indicating a 59% upside. The firm highlights Signature Global`s impressive 9M FY25 sales bookings of INR 87 billion, supported by successful project launches like Titanium in Sector 71, Gurugram, and Daxin Vistas in Sohna. The brokerage expects the company to comfortably achieve its FY25 guidance of INR 100 billion in pre-sales.
- Motilal Oswal also retains a BUY rating, setting a target price of INR 2,000, reflecting a 54% potential upside. The report notes that Signature Global achieved its best-ever quarterly collections of INR 11 billion, reinforcing strong demand for its projects. The company has also successfully reduced net debt from INR 11.6 billion in FY24 to INR 7.4 billion in Q3 FY25.
- Axis Securities highlights the company`s strong operational performance, emphasizing Signature Global`s focus on mid-income housing and its expansion strategy in key Gurugram micro-markets. The report states that the company has achieved 87% of its pre-sales guidance for FY25 and maintains a long-term BUY rating with a target price of INR 1,645.