Brokerage firm ICICI Securities has initiated coverage on SignatureGlobal India with a ‘Buy’ rating and a target price of ₹1,705, implying an upside of 20% from Monday’s closing price. “Our multiple of 9x is at a 40% discount to DLF, its closest peer – considering Signature would need to reinvest internal accruals for land bank replenishment while DLF has the …
