Motilal Oswal's research report on Signature Global
Signature Global (SIGNATUR) recorded presales of INR20.1b, down 28% YoY and 24% QoQ (in line). This was attributed to the absence of any material launches during the quarter. In 1HFY26, presales stood at INR46.5b, down 21% YoY. Area sold during the quarter stood at 1.3msf, down 44% YoY and 17% QoQ (9% above our estimates). In 1HFY26, volumes were 3msf, down 33% YoY.
Outlook
We reiterate our BUY rating with a revised TP of INR1,383 (earlier INR1,760), indicating a 35% upside potential.
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