GAGA Share Market News

[hfe_template id='11223'] [ad_1] Realty firm Signature Global's net debt rose by 4 per cent in September quarter to Rs 1,020 crore as it looks to expand business amid strong consumer demand for housing properties. The company's net debt stood at Rs 980 crore at the end of June quarter FY25. Earlier this week, Signature Global reported that it has achieved a nearly three-fold increase in its sale bookings to Rs 2,780 crore during the second quarter on better demand for its housing projects. Its sale bookings or pre-sales stood at Rs 980 crore in the year-ago period. "Despite the 'shradhh' period, Q2, FY25 pre-sales amounted to Rs 27.8 billion, a 184 per cent increase against Q2, FY24," Signature Global had said in a regulatory filing. The company's sale bookings jumped over threefold to Rs 5,900 crore in April-September 2024-25 from Rs 1,860 crore in the year-ago period. Signature Global, which has a significant presence in the Gurugram ma...

[hfe_template id='11223'] [ad_1] Shares of realty firm Sobha dropped nearly 4% to Rs 1,675.3 in Tuesday's trade on the BSE following a 32% year-on-year (YoY) decline in total sales for the second quarter of FY25, amounting to Rs 1,178.5 crore. In comparison, the company reported total sales of Rs 1,723.8 crore in Q2 FY24. During this quarter, Sobha posted new area sales of 0.93 million square feet, generating sales worth Rs 1,179 crore at an average price realization of Rs 12,674 per square foot. This reflects a decline from 1.18 million square feet and sales of Rs 1,873 crore in Q1 FY25. Total sales value for the first half of FY25 stood at Rs 3,052 crore, slightly below the Rs 3,189 crore recorded in the same period last year. Bangalore recorded Rs 609 crore in sales in the second quarter of fiscal 2025, indicating a 51.8% increase in overall sales. The Kerala region also performed well, recording a 36.2% growth in new sale area compared to the previous quarter, co...