Axis Capital, ICICI Securities See Up to 60% Upside in Signature Global Stock After Strong Q1FY26 Performance

New Delhi, August 11, 2025: Brokerage firms Axis Capital and ICICI securities have recommended ‘BUY’ on Signature Global (India) Ltd., following the company’s robust performance in the first quarter of current financial year.

Axis Capital has maintained a Buy call with a target price of Rs. 1,780, while ICICI Securities has set a target of Rs. 1,742, indicating a potential rise of up to 60% in the stock prices.

Signature Global’s stock opened at Rs. 1,147.80 per share on August 11, 2025, in early trading hours.

During the first quarter of the current fiscal, the company’s revenue more than doubled year-on-year to Rs. 870 crore, driven by the delivery of 1.4 million sq ft, while Profit After Tax surged five-fold to Rs. 34.4 crore.

Brokerage Firm Recommendations

Axis Capital has maintained its BUY rating and has maintained the target price of Rs 1,780, suggesting the stock could increase by 60%.

The brokerage firm noted that Signature Global has delivered 57% sales booking CAGR over FY21–25, largely through affordable/ mid-income housing projects.

During Q1FY26, Signature Global recorded sales bookings of Rs. 2,640 crore and is targeting Rs. 12,500 crore for FY26, reflecting a 20% growth.  and is targeting to maintain a 20% CAGR over the medium term.

ICICI Securities has also maintained its BUY rating with a target price of Rs. 1,742 per share, suggesting a 57% upside potential.

With a project pipeline of over ₹45,000 crore for FY25–28E, ICICI Securities expects Signature Global to achieve sales bookings of Rs. 13,000 crore and Rs. 14,700 crore in FY26 and FY27, respectively.

“The company sees scope for diversification beyond its established market presence in Gurugram and keenly awaits any new policy framework. This would entail many areas opening up in the city of New Delhi, NCR where greenfield development is possible,” ICICI Securities said in its report.

Signature’s business model is unique. The company does not operate as a land aggregator; instead, it focuses on launching and completing projects within 4–5 years, reinvesting the surplus for growth, and maintaining a land bank reserve sufficient for 4–5 years at any given time, the brokerage firm noted.

Corporate Comm India (CCI Newswire)