Leading brokerage firms ICICI Securities, Axis Capital, and Nuvama have issued bullish recommendations on Signature Global (India) Ltd., projecting up to 75% upside in the company’s stock price. The stock opened at Rs 1,029.90 on November 11, with target prices ranging from Rs 1,376 to Rs 1,786, reflecting strong investor confidence in the company’s growth trajectory.
ICICI Securities has set a target of Rs 1,786, citing Signature Global’s 57% CAGR in sales bookings over FY21–25, driven largely by affordable and mid-income housing projects. The firm projects sales bookings to reach Rs 119 billion in FY26, Rs 127 billion in FY27, and Rs 139 billion in FY28, backed by a robust launch pipeline with a gross development value (GDV) exceeding Rs 450 billion.
Axis Capital has pegged its target at Rs 1,780, noting a 74% potential upside. The firm highlighted Signature Global’s planned launches worth Rs 130 billion in H2FY26 and expects construction activity to accelerate, boosting collections and operating cash flow.
Nuvama has maintained its BUY rating with a target of Rs 1,376, emphasizing Signature Global’s rapid rise in the Gurugram housing market. The firm credited the company’s ability to acquire land at 10–15% of selling price, enabling competitive pricing and strong margins.
During H1FY26, Signature Global recorded ?46.6 billion in pre-sales, Rs 12.0 billion in revenue, and Rs 18.7 billion in collections. The company anticipates a surge in collections in H2FY26 as key construction milestones are achieved across its high-value Gurugram projects.
With India’s housing demand remaining resilient and Gurugram emerging as a key growth corridor, Signature Global’s strategic land acquisitions and launch velocity position it as a standout performer in the mid-income segment.
