Brokerage Firms Expect Signature Global Stock to Rise by 30%–60%

Leading brokerage firms, including ICICI Securities, Motilal Oswal, and Axis Securities, have issued a bullish outlook on Signature Global (India) shares following the company’s Q3 FY25 financial results. The firms have recommended a BUY rating, forecasting a potential upside of 27% to 60% from the current market price.

ICICI Securities reaffirmed its BUY rating with a revised target price of ₹2,058, indicating a 59% upside from the current level. The firm highlighted Signature Global’s strong performance, with a 63% CAGR in sales bookings from FY21 to FY24, driven by affordable and mid-income housing projects. Signature Global has already achieved 87% of its FY25 sales booking target of ₹10,000 crore in the first nine months of the fiscal year. With additional launches worth ₹2,500 crore planned for Q4FY25, the company is expected to comfortably meet its FY25 guidance.

Motilal Oswal maintained its BUY rating with a target price of ₹2,000, implying a 54% upside. The firm noted robust pre-sales of ₹8,670 crore in 9MFY25, backed by successful launches, including Titanium SPR and Daxin Vistas on the Sohna Corridor. In Q3FY25, Signature Global reported a revenue of ₹830 crore, marking a 194% YoY increase and a 10% QoQ growth.

Axis Securities set a target price of ₹1,645, projecting a 27% upside from the current market price. The firm highlighted Signature Global’s success in selling over 3,500 units with an average ticket size of ₹2.5 crore during 9MFY25. The company’s “Build to Sell” strategy and focus on mid-income housing continue to drive sustainable growth.

As of the market close on February 11, 2025, Signature Global’s stock was trading at ₹1,289.30 per share. Based on the target prices set by the brokerage firms, the stock is expected to rise between 27% and 60%.

Signature Global Ltd posted strong financial results for the quarter ending December 2024. The company reported a net profit of ₹28.99 crore, a significant rise from ₹2 crore in Q3FY24. Total income reached ₹862.14 crore, almost three times the ₹301.75 crore reported in the corresponding quarter of the previous year. With strong financials, continued sales momentum, and planned project launches, Signature Global remains a key stock to watch in the real estate sector.