India's SignatureGlobal gains as Axis Capital initiates with 'buy'

Signatureglobal (India)

10/07/2025 05:38

** Shares of real estate developer SignatureGlobal SIGT.NS rise as much as 3.5% to 1,290 rupees, their highest intraday gain since May 16

** Axis Capital initiates coverage with a 'buy' rating; sets target price at 1,720 rupees, implying a 37% upside from last close

** Brokerage expects 19% CAGR in pre-sales over FY25-28E to 175 bln rupees, driven by diversified segment mix and strong micro-market presence

** Axis Capital expects 38% annual growth in both customer collections and operating cash flow through FY28

** Cites strong execution capabilities, expansion beyond Gurugram city as key positives

** Stock up 5.4% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))