Signature Global: Is There More Steam Left in This Multibagger Real Estate Stock?
Signature Global shares rose 4.1% to Rs 1512.70, with a market capitalization of over Rs 21,000 crore. The stock has rallied 300% from its IPO price.
Signature GlobalReal EstateStock MarketMultibaggerMotilal Oswal Financial ServicesIcici SecuritiesKotak Institutional EquitiesReal Estate NewsAug 13, 2024
ICICI Securities is also positive on the stock following a strong show in the June 2024 quarter. Kotak Institutional Equities believes that the company is growing from strength to strength.
Signature Global reported a consolidated net profit of Rs 6.76 crore for the quarter ended June on higher income. The company had posted a net loss of Rs 7.22 crore in the year-ago period. Realty firm's total income rose 140% on a yearly basis to Rs 427.98 crore in April-June 2024 period.
The company projects sales of Rs 10,000 crore in this fiscal. Signature Global has so far delivered 11 million square feet of housing area and boasts a robust pipeline of about 32.2 million square feet of saleable area in forthcoming projects along with 16.4 million sq ft of ongoing projects, set for execution over the next 2-3 years.
Signature Global reported a strong 63% CAGR in pre-sales over FY21-24, driven by an increase in projects under execution and premiumization. As it gears up with a strong launch pipeline of premium projects, we expect it to deliver 35% CAGR in bookings over FY24-27E as the growth momentum remains intact, said Motilal Oswal in its IC report on the stock.
\
Frequently Asked Questions
What is Signature Global's current market capitalization?
Over Rs 21,000 crore
What is Signature Global's projected sales for this fiscal?
Rs 10,000 crore
What is Signature Global's current target price according to Motilal Oswal Financial Services?
Rs 2,000
What is Signature Global's sales booking growth rate according to ICICI Securities?
19% CAGR over FY24-27E
What is Signature Global's net debt according to Kotak Institutional Equities?
Rs 980 crore
Tags:
Related News Articles
Ashoka Buildcon Subsidiary Sells Pune Land for ₹453 Crore, Boosting Stock Price
Ashoka Buildcon's subsidiary, Viva Highways Limited, sells land in Hinjewadi, Pune for ₹453 crore, leading to a 6% rise in stock price.
Revolutionizing Real Estate with sirrus.ai: A Game-Changing Proptech Experience
Pune-based sirrus.ai is set to pioneer the real estate industry with its AI-driven proptech experience platform, enhancing customer experience and operational efficiency.
Proposed Lower Stamp Duty to Boost Maharashtra Property Market and Support First-Time Buyers
As Maharashtra gears up for the upcoming assembly elections, real estate developers are pushing for a significant reduction in stamp duty to drive the property market and assist first-time buyers.
Pune Struggles with Post-Diwali Waste, Civic Concerns Rise
Pune, a city known for its cultural heritage and bustling urban life, is grappling with the aftermath of Diwali. The festival of lights, while bringing joy and festivities, has left the city with a significant waste management challenge. Civic authorities
Maharashtra Election Results 2024: Real Estate Sector Hails Mahayuti's Landslide Victory
The recent Maharashtra election results have been nothing short of a resounding victory for Mahayuti, with the real estate sector celebrating the outcome as a significant turning point for the state's development and economy.
Gramercy Info Park Acquires Strategic Industrial Land in Navi Mumbai's Ghansoli
Gramercy Info Park Pvt Ltd has made significant strides in the real estate sector by acquiring two industrial land parcels in Navi Mumbai’s Ghansoli. This strategic move is aimed at expanding the company's footprint in the rapidly growing industrial and l