Signature Global shares decline over 4 pc, tank over 30 pc in six months. Shares of real estate company Signature Global India Limited on Friday witnessed a sharp decline by 4.14 per cent to close at Rs 1,042. The company’s shares have been on a downward trend, dropping 13.64 per cent in the last month, 30.34 per cent over six months, and 22.1 per cent for the past year. The real estate developer reported a significant rise in total expenses, which increased to Rs 835.89 crore in Q3, up 6.54 per cent from Rs 784.60 crore inQ2. Adding to investor concerns, Signature Global’s total liabilities also saw a steep rise, reaching Rs 11,525.72 crore, compared to Rs 9,852 crore in. Q2 and Rs 7,181 crore a year ago. This marks a 16.99 per cent jump from Q2 to Q3 and a 60.50 per cent rise year-on-year (YoY), raising questions about the company’s financial stability.
