The shares of Signatureglobal (India) Ltd. fell on Monday to hit two-year low after the company announced its third quarter business update through the weekend.
The company reported a 27% decline in pre-sales for the quarter ended December at Rs 2,020 crore. On the other hand, collections went up 14% to Rs 1,230 crore, Signatureglobal said in an exchange filing on Sunday.
Signature Global informed that it has sold 408 units during the October-December period of this fiscal year, compared to 1,518 units in the year-ago period. In terms of area, the sales bookings fell to 1.44 million sq ft from 2.49 million sq ft.
The company did not mention any reason for the decline in sales bookings during the third quarter.
During the first nine months of this fiscal, Signature Global sales bookings fell 23% to Rs 6,680 crore from Rs 8,670 crore a year ago. The company sold 1,746 units during the same period of the 2025-26 fiscal year compared to 3,539 units in the year-ago period.
Signatureglobal Share Price Today
The scrip fell as much as 6.5% to Rs 935.90 apiece on Monday, highest level since Jan. 3, 2024. It pared losses to trade 4.5% lower at Rs 956 apiece, as of 10:01 a.m. This compares to a 0.48% decline in the NSE Nifty 50 Index.
It has fallen 23.69% in the last 12 months and 15.19% year-to-date. Total traded volume so far in the day stood at 1.36 times its 30-day average. The relative strength index was at 19.26, indicating it was underbought.
All five analysts tracking the company maintain a 'buy' rating according to Bloomberg data. The average 12-month consensus price target stands at Rs 1,520.40 indicating an upside of 58.9%.
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