Signature Global SURGES Ahead? Brokerage REITERATES BUY on This Stock – Huge Upside Unlocked!

Motilal Oswal's research report indicates that Signature Global recorded presales of INR 20.1 billion in the recent quarter. This figure represents a 28% decrease compared to the same period last year and a 24% drop from the previous quarter, primarily due to the absence of significant new project launches. For the first half of the fiscal year 2026 (1HFY26), total presales reached INR 46.5 billion, marking a 21% year-on-year decline. The area sold also saw a substantial decrease of 44% year-on-year, totaling 1.3 million square feet.

Outlook Despite these sales figures, Motilal Oswal maintains a positive stance, reiterating its 'BUY' rating for Signature Global. The brokerage has adjusted its price target (TP) to INR 1,383 from the previous INR 1,760, suggesting a significant 35% potential upside for the stock from its current market price.

Impact This report is crucial for investors interested in Signature Global. A maintained 'BUY' recommendation and a raised price target from a well-regarded brokerage firm could instill confidence and potentially lead to an increase in the stock's valuation. However, the reported decline in sales volume may also prompt caution among investors regarding short-term performance.

Rating: 7/10

Definitions: * Presales: Advance sales or bookings made for properties before their completion or official launch. * YoY: Year-on-Year, a comparison of a metric over a period to the same period in the previous year. * QoQ: Quarter-on-Quarter, a comparison of a metric over a period to the previous quarter. * 1HFY26: First Half of the Financial Year 2026 (typically April 1, 2025, to September 30, 2025). * msf: Million Square Feet, a unit of area measurement. * Price Target (TP): The future price level of a security that an analyst or broker forecasts. * Upside Potential: The difference between an analyst's price target for a stock and its current market price, representing the potential percentage gain.