Brokerage firms ICICI Securities, Axis Capital, and Nuvama have issued a ‘BUY’ recommendation for Signature Global (India) Ltd., highlighting the company’s consistent business growth and long-term prospects. ICICI Securities continues to hold a Buy rating, setting a target price of INR 1,786, while Axis Capital and Nuvama have target prices of INR 1,780 and INR 1,376 respectively, suggesting a potential upside of up to 75% for the stock. On November 11, 2025, Signature Global’s stock opened at Rs. 1029.90 per share in early trading. In the first half of FY26, the company achieved impressive pre-sales of INR 46.6 billion and reported revenue of INR 12.0 billion, with collections reaching INR 18.7 billion.
The company anticipates a substantial increase in collections during the second half of FY26 as it hits key construction milestones for its high-value projects in Gurugram. ICICI Securities has reiterated its BUY rating and raised the target price to Rs. 1,786, suggesting a 75% potential stock increase. The firm noted that Signature Global has achieved a 57% CAGR in sales bookings from FY21 to FY25, primarily through affordable and mid-income housing initiatives. ICICI Securities forecasts that, supported by a strong launch pipeline with a cumulative gross development value exceeding INR 450 billion for FY25–28E, the company’s sales bookings could reach INR 119 billion in FY26, INR 127 billion in FY27, and INR 139 billion in FY28.
Axis Securities predicts a 74% upside in the stock price, asserting that Signature Global is well-positioned to meet this target due to a robust launch pipeline exceeding INR 130 billion planned for the latter half of the fiscal year. Axis Capital commented, “We expect construction of new projects to increase sequentially, which, along with healthy bookings from new launches, will enhance collections and operating cash flow.” Nuvama has also maintained its BUY rating with a target price of Rs. 1,376 per share, noting that despite being a relatively new player, Signature Global has quickly become one of the largest developers in Gurugram’s housing market based on sales bookings.
The report indicated that one key to SGIL’s success has been its ability to acquire land at favorable prices, with land and approval costs averaging 10-15% of the selling price.