The share price of small-cap gained 3.4 percent Rs 770.9 on Wednesday which is 52 weeks high after the bulk deal in the company on tuesday.
As per nse bulk deal, on tuesday Foreign institutional Investor Nomura India Investment Fund Mother Fund Bought 9,40,000 equity shares in Signatureglobal India Ltd at the price of Rs 726.40. After Anchor investor Astorne Capital Vcc Arven sold 11,07,357 equity share at the price of Rs. 725.01 per share.
The company has reported its net revenue declined 20 percent year on year from Rs 1,236 crores in Q2FY23 to Rs 985 crores in Q2FY24. In addition, the company have reduced their net loss 66 percent year on year, from loss of Rs 592.53 crores in Q2FY23 to a loss of Rs 199.29 crores in Q2FY24.
The company’s promoters hold a 69 percent stake in the company, with 5 percent owned by foreign institutional investors, 19 percent owned by the general public, and 5 percent owned by domestic institutional investors.
Signatureglobal India ltd is a small-cap company with a market capitalization of Rs 10,356 crores. The share price of Signatureglobal India ltd has increased by 61.43 percent since its initial public offering.
Signatureglobal (India) Limited, founded in 2000, is a real estate development firm focused on providing affordable and mid-segment housing in Delhi’s National Capital Region (“Delhi NCR”).
Written by Sriram KV
