India's Signatureglobal gains as Nuvama starts with "buy"

Signatureglobal (India)

18/03/2025 06:29

** Signatureglobal (India) shares SIGT.NS rise 2.5% to 1090.9 rupees

** Nuvama Institutional Equities starts with "buy" and PT of 1,436 rupees, a 35% upside to last close

** Expects 21% pre-sales growth from FY25-27 on real estate developer's robust momentum, notable presence in Gurugram market

** Says Noida or Delhi markets foray to be a re-rating trigger

** Expects higher free cash flow due to rising collections, improving profitability;

** Now all 4 brokerages covering SIGT rate it equivalent of "strong buy" or "buy"' median PT is 1,760 rupees -LSEG data

** SIGT shares down 21% in 2025 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))