Brokerages See Up to 75% Upside in Signature Global Stock

12 Nov 2025 CW Team

Brokerage firms ICICI Securities, Axis Capital, and Nuvama have reiterated a ‘BUY’ rating on Signature Global (India), highlighting the company’s robust business momentum and long-term growth prospects.

ICICI Securities has set a target price of Rs 1,786, Axis Capital at Rs 1,780, and Nuvama at Rs 1,376, indicating a potential upside of up to 75 per cent from the current levels. Signature Global’s stock opened at Rs 1,029.90 on 11 November 2025.

During H1FY26, the company reported strong pre-sales of Rs 46.6 billion, revenue of Rs 12 billion, and collections of Rs 18.7 billion. Collections are expected to rise in H2FY26 as construction milestones are achieved across high-value projects in Gurugram.

ICICI Securities noted that Signature Global has delivered a 57 per cent sales CAGR during FY21–25, primarily through affordable and mid-income housing. With a launch pipeline exceeding Rs 450 billion in GDV for FY25–28E, sales bookings are projected to reach Rs 119 billion in FY26, Rs 127 billion in FY27, and Rs 139 billion in FY28.

Axis Capital expects a 74 per cent upside, supported by a strong launch pipeline of over Rs 130 billion for the second half of the fiscal year. It added that “construction of new projects is expected to pick up, driving collections and operating cash flow.”

Nuvama said, “Despite being a relatively new entrant, Signature Global has emerged as one of the largest developers in the Gurugram housing market in terms of sales bookings.” The firm also noted that Signature Global’s land acquisition costs average just 10–15 per cent of selling price, enhancing profitability.

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

ICCPL Eyes 7,000 Real Estate Campaigns

ICCPL Group has announced plans to cross 7,000 real estate marketing campaigns by FY 2026–27, strengthening its position as a specialised PR and communications partner for the sector.Over the past 15 years, the Noida-headquartered firm has worked with more than 500 real estate companies across India. It has also been associated with over 2,500 project launches across residential, commercial, retail, mixed-use and allied segments.The company has offices in Delhi, Gurugram, Bengaluru, Mumbai, Chandigarh and Goa, along with backend operations across more than 42 cities in India and a presence i..

Johnson Controls Heat Pumps Cut Heating Costs

Johnson Controls has reported that its commercial and industrial heat pump portfolio helped global customers reduce annual heating costs by an estimated 32 per cent in 2025, compared to conventional gas boilers. The company also said customers cut greenhouse gas emissions by 55 per cent, equal to 1.6 million metric tonnes.The heat pumps are being used across healthcare, manufacturing, municipal and district energy projects, where reliable heating, cooling and energy savings are critical. At New Aalborg Hospital in Denmark, Johnson Controls’ district cooling system helped cut electricity cost..