New Delhi, February 18, 2026.

Brokerage firm Axis Capital has recommended a ‘Buy’ rating on Signature Global (India) Ltd., citing the company’s recent strategic foray into the commercial real estate segment through a partnership with RMZ as a key growth driver.

Axis Securities has maintained a ‘BUY’ rating on the company with a target price of Rs. 1,300 indicating a potential upside of up to 22% in the stock price.

Signature Global’s stock opened at Rs. 1070.10per share on February 18, 2026, in early trading hours.

Brokerage Firm Recommendations

Axis Capital, in its report, highlighted the following factors behind its ‘Buy’ recommendation on Signature Global (India) Ltd.

In line with its diversification strategy, Signature Global has announced its entry into the commercial real estate segment through a joint venture with RMZ, a leading leasing asset developer in South India.

The partnership involves the development of an office-centric, mixed-use Grade-A asset with a planned leasable area of around 5.5 million sq. ft. In addition to office space, the project will also include retail and hotel components.

The asset will be located on Southern Peripheral Road in Sector 71, Gurugram. While Signature Global brings strong execution capabilities and development experience, RMZ contributes its expertise in conceptualising and developing institutional-grade commercial assets.

Construction is expected to commence over the next six to nine months, with the project slated for completion in about five years. Upon completion, the company expects the office and retail segments to generate monthly rentals of approximately Rs. 125 per sq ft and Rs. 250 per sq ft, respectively.

As part of the transaction, RMZ will invest Rs. 12.8 billion in Gurugram Commercity Limited (GCL), a wholly owned subsidiary of Signature Global (India) Ltd., in return for a 50% equity stake.

The entity has a total development potential of around 7.5 million sq ft, of which nearly 70% (approximately 5.5 million sq ft) is earmarked for commercial development, while the remaining area is designated for residential use.

“The asset is still five years out. Hence, we do not see it impacting our revenues/earnings estimates till FY28E. While the transaction implies a land value of Rs26bn, we have ascribed a development value of Rs34bn, which post capex and future discounting, seems fair. We maintain our TP at Rs.1,300,” noted Axis Capital in its report.