Signature Global shares at over Rs 2,000? These 2 brokerages are bullish

Leading brokerage firms have expressed bullish views on Signature Global (India) after the company posted strong Q2 results.
Shares of Signature Global rose nearly 3.5% in the previous trading session after multiple brokerages raised their target price. Its total market capitalisation stands at 18,238.99 crore.
ICICI Securities and Motilal Oswal have given a ‘BUY’ call on Signature Global stock. While ICICI Securities has maintained its call, with the target price of Rs 2,007, Motilal Oswal has given a target price of Rs 2,000 per share.
Motilal Oswal has kept its BUY rating with a target price of Rs 2,000 per share, indicating a 56% upside potential.
The brokerage noted Signature Global’s strong performance, with pre-sales of Rs 27.8 billion in Q2 FY25—up 183% year-on-year—boosted by the recent launches of Titanium SPR (group housing) and Daxin Vistas (township project) in the first half of FY25.
Similarly, ICICI securities have retained its BUY rating with a revised target price of Rs 2,007.
The brokerage firm noted that the developer achieved a 63% sales booking CAGR from FY21 to FY24, primarily through affordable and mid-income housing projects.
In H1 FY25, the developer recorded sales bookings of Rs 59 billion, driven by the launch of the Titanium project in Sector 71, Gurugram, and the Daxin Vistas project in Sohna, Gurugram.
“Given its strong launch pipeline of projects with cumulative GDV of over INR 450bn during FY24-28, we estimate 21% sales booking CAGR over FY24-27E, ranging between Rs 110-130bn annually over FY25-27E. Factoring in strong H1FY25 result, we raise FY25/26E sales bookings by 7% each to Rs 108bn and Rs 114 billion, respectively,” it added.
Signature Global reported a consolidated net profit of Rs 4.15 crore for the quarter ended September, up from a net loss of Rs 19.92 crore in the same period last year. The total income rose to Rs 777.42 crore from Rs 121.16 crore in the September quarter of last year.
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