Buy Signature Global, target price Rs 1,905: ICICI Securities

ICICI Securities has buy call on Signature Global with a target price of Rs 1,905. The current market price of Signature Global is Rs 1,524.55. Signature Global, incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 21,636.54 Crore) operating in Real Estate sector.

Signature Global key Products/Revenue Segments include Contract Revenue, Other Operating Revenue, Income From Real Estate Development, Scrap, Sale of Switching Station Rights and Traded Goods for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 427.98 Crore, down -40.78 % from last quarter Total Income of Rs 722.74 Crore and up 139.23 % from last year same quarter Total Income of Rs 178.90 Crore. Company has reported net profit after tax of Rs 6.80 Crore in latest quarter.


Promoter/FII Holdings

Promoters held 69.63% stake in the company as of 30-Jun-2024, while FIIs owned 8.33%, DIIs 5.31%.