Signature Global hits 52-week high as it sells over 1,000 flats in a luxury housing project in Gurugram
On Sunday, Signature Global (India) announced it sold over 1,000 flats in its luxury housing project in Gurugram for over Rs 3,600 crore.
On Monday, Signature Global shares surged 3.35% to trade at a fresh 52-week high of Rs 1,438, from its previous closing of Rs 1,391.4 on the BSE.
Strong demand for residential projects
Signature Global (India) has sold more than 1,000 flats in its luxury housing project in Gurugram for over Rs 3,600 crore on strong demand for residential projects. Housing demand has been very strong in the last two years, especially in the luxury homes segment.
The project is spread over 16.5 acres and has a sales potential of 2.7 million square feet. Signature Global will develop 1,008 units in this housing project. Till December 2023, Signature Global has delivered a 6.7 million square feet area. It is developing a 16.9 million square feet area and also has a forthcoming pipeline of 28.4 million square feet of saleable area.
Company profile
Signatureglobal (India) is a real estate development company. The company operates in the National Capital Region of Delhi (Delhi NCR). The company strategically focused on the Affordable Housing segment and the Middle Income Housing segment through GoI and state government policies.
Stock price movement
Today, the stock opened at Rs 1,438 and has touched a high and low of Rs 1,438 and Rs 1,404.10, respectively. The BSE group ‘B’ stock of face value of Rs 1 has a 52-week high and low of Rs 1,438 and Rs 444.10, respectively. Last one week high and low of the scrip stood at Rs 1,438 and Rs 1,135.80, respectively. The current market cap of the company is Rs 19,937.06 crore.
The promoters holding in the company stood at 69.63%, while Institutions and Non-Institutions held 11.29% and 19.08%, respectively.
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