Last Updated on 15/08/2024 by wccexam Desk
It is said that the stock market is a risky business, but the number of investors in it is increasing rapidly. There are many shares in the market that have made their investors rich. Some have become multibaggers in the long term and some in just a year. These include the shares of real estate sector company Signature Global India Limited, which was listed in September last year and in less than a year, it has tripled the money of investors.
The stock of Signature Global India Limited, a leading company in the real estate sector, has become a multibagger running at rocket speed after its stock market debut. Within just 11 months, the company’s stock has given a whopping return of 223.85 percent to its investors. In this way, investors who would have invested Rs 1 lakh in the company’s stock and held it till now, their amount would have increased to more than Rs 3 lakh now.
Signature India Global launched its IPO in September 2023 and it received a tremendous response from investors. The IPO Price Band was fixed by the company at Rs 366-385 per share. The company’s shares were listed on BSE and NSE on 27 September 2023. These stocks were listed at a premium of more than 15 percent. Since its stock market debut, this real estate share has gained tremendous momentum. On its listing day, Signature Global Share was at Rs 458.55, which increased to Rs 1485 on Wednesday, August 14, 2024.
The stock market has seen tremendous growth in the last one year and during this time the stock of real estate firm Signator Global India has also run at rocket speed. The effect of the rise in the stock has also been seen on the market capitalization of the company and it had increased to Rs 20870 crore by Wednesday on the last trading day. The 52-week high level of the company’s stock is Rs 1575, while the low level is Rs 444.
Recently, the company had announced its first quarter results. Signature Global India consolidated net profit was Rs 6.76 crore in the April-June quarter. Apart from this, the company’s income also increased to Rs 427.98 crore. Seeing the strong returns being received by the investors, brokerages are also bullish about it. According to a report released last month, ICICI Securities has expressed hope that it will cross Rs 1700. At the same time, some brokerages are also expecting its price to touch Rs 2000.
(Note- Before making any investment in the stock market, please consult your market experts.)
Source (PTI) (NDTV) (HINDUSTANTIMES)