New Delhi, July 11 -- Shares of SignatureGlobal is in focus following Axis Securities' initiation of coverage with a 'Buy' recommendation, setting a price target of Rs.1,780 per share, which suggests a 42% upside potential from the current price of Rs.1,258.

The brokerage notes that the firm is among the top developers in the NCR region. In just ten years since its establishment, SignatureGlobal has positioned itself as the fifth-largest publicly listed real estate company, achieving a 58% compound annual growth rate (CAGR) in pre-sales from FY22 to FY25, due to its varied segment mix and micro-market presence.

The company has 25 million square feet of upcoming projects across its three primary markets, and the brokerage anticipates a 1...