MOFSL sees this midcap realty stock growing by Rs 600/share

Looking to invest in real estate industry stock? Analysts from domestic brokerage Motilal Oswal Financial Services Limited (MOFSL) have recommended Signatureglobal India stock from a perspective of long term. The brokerage has expected that it can deliver a 35 per cent CAGR in bookings over FY24-27.

On the basis of the net present value (NPV), the current valuation of the real estate company implies
34 per cent of the going concern premium for the company which means the portion of the future growth potential is yet to be accounted, according to the brokerage.

"Strong pre-sales growth will drive a rapid scale-up in operations across key parameters, such as cash flows, revenue, and profitability, enhancing confidence in the company's execution capabilities and future growth potential," the analysts said.

Signatureglobal India Share Price Target

MOFSL has recommended buying the Signatureglobal India stock for a target of Rs 2,000 per share, which implies an upside potential of 47.68 per cent.

Signatureglobal India vs Nifty Realty vs Nifty50

Since its listing in September 2023, the stock has surged 183.37 per cent, outperforming the Nify50 index which has a return of 20 per cent in the same period. Meanwhile, the Nifty Realty index gained 80.8 per cent.

Signatureglobal stock today

On Thursday, January 2, 2024, shares of Signatureglobal India surged as much as 4 per cent to Rs 1,408.30 until 1:16 pm, a piece on the BSE website.