Shares of Signature Global Plummet Nearly 15% in a Week, Down 19% Over the Year
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Synopsis
Shares of Signature Global India Limited fell 2.03% to Rs 1,102.40 amid investor caution regarding its financial health. The stock has decreased by nearly 15% in the past week and 19% over the last year, raising concerns about the company's rising debt and expenses despite a significant revenue increase.
Key Takeaways
- Signature Global's shares fell 2.03% in intra-day trading.
- The stock has decreased 14.52% over the last week.
- Company debt stands at Rs 1,180.27 crore.
- Revenue surged to Rs 830 crore in Q3.
- Expenses rose sharply, impacting investor confidence.
Mumbai, Feb 18 (NationPress) The shares of Signature Global India Limited experienced a further decline of 2.03%, trading at Rs 1,102.40 during Tuesday's intra-day session, as investor sentiment remains cautious regarding the company’s financial situation.
The stock has been on a consistent downward trend for the past week, having decreased by 14.52% and 13.84% over the last two weeks.
In the last month, the share price of Signature Global has seen a drop of 2.32% on the Bombay Stock Exchange (BSE).
This negative trend continues over longer periods, with the stock down 14.58% in the last three months and 27.89% over the past six months.
Year-to-date, the stock has fallen by 18.62%, and over the last year, it has recorded a decline of 19.1%.
The financial situation of the real estate developer remains a significant concern for investors, with the company currently facing a debt load of Rs 1,180.27 crore.
The stock has seen considerable volatility over the past year, reaching a 52-week high of Rs 1,647 on September 26, 2024, while the lowest point was Rs 1,040 recorded in 2024.
Currently, Signature Global India boasts a market capitalization of Rs 15,807 crore. Additionally, the company's net expenses soared to Rs 835.89 crore in Q3 FY25, marking an increase of 6.54% from Rs 784.60 crore in Q2.
When compared to the same period last year (Q3 FY24), expenses have spiked significantly, rising nearly 179% from Rs 299.70 crore.
The rise in expenses is primarily attributed to increased costs related to project execution and completion, as outlined in the company’s stock exchange filing.
In contrast, Signature Global reported a substantial increase in revenue, which grew to Rs 830 crore in Q3, up from Rs 280 crore in the previous fiscal.
