Stock to Buy: Brokerage firm Nuwama Equities has recommended buying shares of the realty company Signature Global (India) Limited.
The Indian stock market is currently trading with fluctuations within a limited range. The sluggishness of global signals, questions raised about the Trump tariffs in the US, and caution before the quarterly results have held back investors from making big decisions. In such a scenario, brokerage houses are pointing towards companies with b fundamentals that can provide good returns to investors in the coming time. The name of the realty company Signature Global (India) Limited is prominently emerging in this list.
Brokerage Confidence Remains
Brokerage firm Nuwama Equities has maintained a positive outlook on Signature Global's shares. Nuwama has set a target price of Rs 1456 for this stock. The company's shares closed at Rs 1247 on the BSE on July 9. This indicates a potential rise of about 17 percent from the current level.
Why Confidence in Signature Global is Increasing
The brokerage report states that the company's price realization, i.e., the per square foot sales price, has seen a tremendous increase year-on-year and quarter-on-quarter. This rate rose to Rs 16,296 per square foot in the April-June quarter, especially due to the participation of premium projects in Gurugram. This figure is 6 percent higher than last year and 37 percent higher than the previous quarter.
'Cloverdale SPR' in Gurugram Becomes Center of Attraction
Signature Global's recent project, 'Cloverdale SPR,' launched in Sector-71, Gurugram. This project is part of the company's premium strategy and has received a very positive response in the market. The brokerage believes that such high-end projects will further strengthen the company's brand value.
Strong Target for Pre-Sales and Collections
The company has maintained a pre-sales target of Rs 12,500 crore and a collection target of Rs 6,000 crore for the financial year 2026. This target shows that Signature Global has complete confidence in the success of its upcoming projects. The brokerage says that along with the increase in pre-sales, there is also a possibility of an increase in investment in land.
Expectation of Improvement in Cash Flow
An increase can be seen in Signature Global's free cash flow due to stable sales and improvement in collections. Along with this, there are also indications of an increase in profitability. The company's strategy is now clearly focused on projects that increase returns and take the brand forward.
How the Stock Has Performed
If we look at the stock of Signature Global, its 52-week high has been Rs 1645, while it is currently trading about 24 percent below its highest level.
- 52-week low: Rs 1010
- Current Price: Rs 1247
- In one month: Decline of 3 percent
- In three months: Increase of 16 percent
- In one year: Decline of up to 20 percent
These figures make it clear that despite the recent rise, the stock is still far below its upper level, indicating room for recovery.
Company's Market Cap
Signature Global (India) Limited has a market capitalization of Rs 17,526 crore on the BSE. Despite the challenges of the real estate sector, the company has established itself as a premium residential developer, which is helping it stay ahead in the competition.
Future Launch Pipeline Ready
Nuwama believes that the company is already working with a clear strategy regarding its launch schedule. The acquisition of new land and a hold in metro markets like Gurugram strengthens the company's long-term strategy.
Company Branding
Signature Global's branding has now moved beyond the mid-segment to the high-end segment. This is the reason why its hold is strengthening in premium markets and the company is continuously expanding in those areas where customers demand high quality and location.
