ICICI Securities has suggested BUY Call for real estate major Signature Global, projecting strong growth fueled by an extensive launch pipeline and improving sales bookings.

Signature Global shares were trading 2 percent lower today as overall market sentiment was bearish. Indian markets have been facing selling from FIIs since the start of this year.

Signature Global shares will be in focus as the company announced during weekend about acquisition of 16-acre premium land in Gurugram for its next real estate project.

Motilal Oswal has reiterated a BUY rating for Signature Global, setting a target price of Rs 2,000, reflecting a 48% upside from its current market price of Rs 1,353.

ICICI Securities has reiterated its BUY recommendation for SignatureGlobal India, maintaining a target price of Rs 1,905, implying a 24% upside from the current market price of Rs 1,536.

Signature Global, a prominent real estate developer, has awarded a ₹320 crore construction contract to ACC India Pvt Ltd for its luxury housing project, ‘Twin Towers DXP,’ in Gurugram.