The Nifty Realty index was hit hard over the past few weeks, crashing 15 per cent due to rising oil prices amid supply disruption fears, leaving investors jittery about the rate-cut cycle
For OMCs, analysts suggest the fall in stock prices reflects, to some extent, the pain on account of higher crude oil prices that surged past the $100 a barrel (bbl) mark
The brokerage views the development as a strategic diversification into annuity-generating assets, while retaining focus on the residential segment
Realty firm Signature Global has posted a consolidated net loss of Rs 45.33 crore in the quarter ended December on lower income. The company had posted a net profit of Rs 29.13 crore in the year-ago period. Total income fell to Rs 312.76 crore during October-December period of this fiscal from Rs 862.14 crore in the corresponding period of the preceding year, according to a regulatory filing on Tuesday. Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd, said the company has continued to deliver steady performance during the first nine months of this fiscal. "While the real estate market has witnessed some softness, the current environment clearly favours developers with a proven track record of delivering quality homes and truly consumer-centric offerings. Our recently launched wellness-centric project, Sarvam at DXP Estate, has received robust demand, reflecting evolving buyer preferences towards thoughtfully designed, health-focused living spaces," he ...
Bata India, Indian Hotels, IGL, MGL, Just Dial, Kalyan Jewellers, Jubilant FoodWorks, Oberoi Realty, Mankind Pharma and Suzlon Energy have hit their respective 52-week lows.
In the past one week, the smallcap index tanked 6 per cent, as against the 2.9 per cent fall in BSE Sensex.
The overall market environment, Signatureglobal (India) said, has turned softer and that has impacted the company
Realty firm Signature Global will invest Rs 4,800 crore to develop a luxury housing project in Gurugram as part of its strategy to expand business amid strong consumer demand. The company, which emerged as the fifth-largest listed realty firm last fiscal in terms of sales bookings, has recently launched a new project, 'Sarvam at DXP Estate', spread over 13.56 acre. The project, located on Dwarka Expressway, Sector 37D in Gurugram, will have 1,798 apartments. In the first phase, the company is offering 50 per cent of the total units for sale in a price range of Rs 3-4 crore per unit. "The total investment in the development of this project is estimated at around Rs 4,800 crore," Signature Global founder and Chairman Pradeep Aggarwal told PTI. The company will meet the investment largely through internal accruals, which include advances from customers. The construction works will start soon, and the project is expected to be completed by 2032. Aggarwal highlighted that the company
Signatureglobal shares fell after it reported a net loss of ₹46.86 crore in the September quarter, compared to a profit of ₹4.15 crore in the same period last year
The developer also saw a 56 per cent year-on-year (Y-o-Y) drop in revenue from operations for Q2FY26 to Rs 338.49 crore, down from Rs 749.28 crore in Q2FY25