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Tag: Signature Global

Brokerage Firms Bullish on Signature Global; Issue ‘BUY’ Rating with Target Price of ₹2,000
Business News, Feature

Brokerage Firms Bullish on Signature Global; Issue ‘BUY’ Rating with Target Price of ₹2,000

Jaipur November 15, 2024. The Leading Brokerage firms seem to be bullish on Signature Global (India). Post their (Signature Global) Q2FY25 result announcement, ICICI Securities and Motilal Oswal have given a BUY call on Signature Global stock.  While ICICI Securities has maintained BUY call, with the target price of ₹2,007, Motilal Oswal has given a target price of ₹2,000 per share. The shares of the company were trading at 1298.05a piece up 3.41% at the closing hour of 14th November 2024, Thursday. The total market cap stands at 18,238.99 crore. Brokerage Firm Recommendations Motilal Oswal has kept its BUY rating with a target price of ₹2,000 per share, indicating a 56% upside potential. The brokerage noted Signature Global's strong performance, with pre-sales of ₹27.8...
Business News, Feature, National News

Signature Global Achieves Record INR 59.0 billion Pre-Sales in H1FY25 with 217% YoY Growth

New Delhi, October, 2024. Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, has reported its best-ever half-year pre-sales with INR 59.0 billion in H1FY25, reflecting an impressive 217% growth year-on-year. With these pre-sales’ performance, the company has already achieved 59% of its sales guidance of INR 100 billion for FY25. These strong pre-sales performance was driven by the successful launch of a mid-income housing project in Sohna, South Gurugram, and a large group housing project on SPR Road, Gurugram. Despite the “Shradhh” period, Q2FY25 pre-sales amounted to INR 27.8 billion, a 184% increase against the Q2FY 24. The Company’s collections in H1 FY25 grew by 60% to INR 21...
Business News, Feature, National News

Signature Global Q1 FY25 Revenue grows 135% YoY to INR 4 billion

New Delhi, August 2024. Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135%to INR 4.0 billion compared to INR 1.7 billion inQ1 FY24. The Company’s net profit for the first quarter stood at INR 0.07 billion as against loss of INR 0.07 billion in Q1 FY24. For the quarter, the Company achieved pre-sales of INR 31.2 billion in Q1 FY25 with year on year growth of 255%. Collections for Q1 FY25 rose 102% to INR 12.1 billion compared to the INR 6.0 billion in Q1FY24. Company’s net debt reduced to INR 9.8 billion at the end of Q1 FY25 compared to INR 11.6 billion at end of FY24. Below are the Financial highlights for the first quarter ended June 30, 2024. ...
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