Download Unicorn Signals App

By EquityPandit

EquityPandit

EquityPandit
BUSINESS

Signature Global Q2 Earnings, Launches Housing Projects With Rs 8,500 Crore Sales Potential

The company reported a net loss of Rs 19.92 crore for the quarter under review.

Realty firm Signature Global has announced its earnings for the July-September quarter of the current fiscal year.

The company reported a net loss of Rs 19.92 crore for the quarter under review, which is a reduction from the Rs 59.22 crore net loss the company reported in the same quarter of the previous fiscal year.

The revenue from operations saw a marginal decrease to Rs 121.16 crore for the quarter from Rs 135.68 crore reported in the year-ago quarter.

However, the total expense of the company saw a significant decline to Rs 144.84 crore during the quarter from Rs 223.33 crore reported in Q2FY23.

In its regulatory filing, the company has also announced that it has entered into a definitive agreement to acquire a 100% stake in Gurugram Commercity Pvt Ltd for an enterprise value of Rs 500 crore. Gurugram Commercity Pvt Ltd owns 25.14-acre land in Sector 71 Gurugram.

In a separate filing, the company also said that it is planning to launch a new group of housing projects that have a sales potential of Rs 8,500 crore in the current fiscal year. These new projects are to be built along the Dwarka Expressway and Southern Peripheral Road in Gurugram.

Get Daily Prediction & Stocks Tips On Your Mobile


I would like to receive communication from EquityPandit via sms, email, whatsapp, Google RCS for offers, updates etc.
MARKETS

Paytm Shares Gain 2% on Partnering Up with Greater Hyderabad Municipal Corporation

Ali Waghbakriwala

Shares of One97 Communications Ltd, which is the parent company of Paytm, surged more than 2% on 2 April after the company announced partnering up with Greater Hyderabad Municipal Corporation to deploy 400 card machines for property tax collection. 

Paytm Card Machines have been deployed across multiple collection centres and for door-to-door tax collection, enabling residents to pay their property tax using credit cards, debit cards, and QR codes, according to an exchange filing on Wednesday. 

These devices are integrated with the GHMC app, allowing officials to instantly check outstanding dues, process payments, and issue on-the-spot confirmation receipts.

Paytm’s advanced payment solution has enhanced GHMC’s tax collection process, ensuring faster and more efficient transactions, the statement added. “Our collaboration with GHMC is aimed at simplifying property tax payments for both citizens and municipal authorities,” a Paytm spokesperson stated. “Through our innovative card machines and industry-leading QR payment solutions, we are enhancing convenience, speeding up processing, and increasing transparency in tax collection.”

One97 Communications, the parent company of Paytm, is a leading Indian fintech firm that provides digital payment solutions, including money transfers, merchant payments, and bill settlements. 

Additionally, the company offers commerce and cloud-based services such as ticketing, advertising technology, and financial products like loans, insurance, and wealth management through its financial partners.

With recent approval from the Securities and Exchange Board of India (SEBI) for Paytm Money to venture into investment insights and research services, the company is poised to expand into wealth management, potentially unlocking new revenue streams.

At 2:24 pm, the shares of One97 Communications were trading 2.01% higher at Rs 817.20 on NSE.

Ask the analyst & get instant answer about One97 Communications Ltd.

Tired of guessing stocks to trade in daily?
Unicorn Signals empowers you with powerful tools like daily stock scans for Intraday, Swing & Investing, Market Predictions and much more. Download the Unicorn Signals app today and take control of your investments!

MARKETS

Godrej Properties Shares Surge 4% on Selling 275 Properties in Noida 

Ali Waghbakriwala

Shares of Godrej Properties Ltd surged more than 4% on Wednesday, 2 April, after the company announced that they have sold over 275 homes worth over Rs 2,000 crore at the launch of its premium project, Godrej Riverine, in Sector 44, Noida. 

In its regulatory filing, the company said, “Godrej Properties Ltd, one of India’s leading real estate developers, today announced that it has sold over 275 homes worth over Rs 2,000 crore at the launch of its luxury project, Godrej Riverine, located in Sector 44, Noida.”

In March 2025, Godrej Riverine was introduced in Sector 44, one of Noida’s major micro markets. The project, which spans 6.46 acres, consists of upscale residential flats in various layouts. Godrej Properties is launching Godrej Riverine in Noida for the third time in a row. 

Godrej Properties sold more than Rs 2,000 crore worth of inventory in Godrej Tropical Isle and Godrej Jardinia, both located in Sector 146, Noida, in Q1FY25 and Q2FY24.

“We are delighted with the overwhelming response to our luxury project, Godrej Riverine in Noida. We extend our sincere gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We remain committed to delivering an exceptional living experience at this development. Noida is a key market for us, and we look forward to further strengthening our presence in the region in the years ahead,” said Gaurav Pandey, MD & CEO of Godrej Properties. 

The statement claims that based on the volume of residential sales it generated in FY2024, Godrej Properties emerged as the largest developer in India. Godrej Properties has put a lot of emphasis on sustainable development.

At 1:35 pm, the shares of Godrej properties were trading 4.72% higher at Rs 2,138 on NSE. 

Navigate Godrej Properties Ltd Like a Pro. Ask the Analyst.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!

MARKETS

Galaxy Surfactants Shares Soar 9% as ICICI Prudential MF Acquires Stake 

Ali Waghbakriwala

Shares of Galaxy Surfactants Ltd soared more than 8% on 2 April after ICICI Prudential Mutual Fund acquired an additional stake in the company via a block deal. 

ICICI Prudential Mutual Fund purchased 2,97,500 shares on 1 April 2025 for Rs 2,092 per share, according to NSE Bulk Deal data. As of December 2024, ICICI Prudential Mutual Fund owned 1.02% of the company in accordance with the BSE shareholding structure. 

Furthermore, Nippon Life India held 2.25% of the shares in public mutual funds, followed by Kotak Mutual Fund with 3.88% and Axis Mutual Fund with 4.38%. 

Unnathan Shekhar and Shashikant Rayappa Shanbhag, the company’s promoters, held the biggest interests of any individual promoter, with 11.92 and 11.52%, respectively. Individuals and Hindu undivided families held 41.69% of Galaxy Surfactants. 

Galaxy Surfactants is a leading company in the surfactant and speciality care ingredient market, catering to the personal care and home industries. The corporation has six cutting-edge facilities, including four production facilities in India, one in Egypt, and one in the US, according to its official website. 

Galaxy Surfactants produces a variety of speciality chemicals and surfactants, including cationic, amphoteric, nonionic, and anionic surfactants. These are used in the manufacturing of personal care products such as shampoos, conditioners, lotions, and cleansers, as well as cleaning materials for the home and workplace.

At 12:50 pm, the shares of Galaxy Surfactants were trading 8.23% higher at Rs 2,264 on NSE.

Wondering About Galaxy Surfactants Ltd? The Analyst Has Answers.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!

MARKETS

RITES Shares Slump 3% on Terminating Contract with UP State Bridge Corp

Ali Waghbakriwala

Shares of RITES Ltd slumped more than 3% on 2 April after the company announced terminating its contract with UP State Bridge Corporation. 

According to the previous order, RITES was supposed to provide consulting services for Construction Supervision of Civil Works (CSC) in order to oversee, monitor, control quality, and ensure the safety of the work zone during the construction of flyovers, elevated roads, rail over/under bridges, bridges, and approaches in a number of Uttar Pradesh districts.
 
In an exchange filing, RITES said, “We would like to inform you that pursuant to the Foreclosure Agreement between RITES and UPSBCL, it has mutually agreed for foreclosure of the Principal Agreement for the aforesaid work.”

Since RITES stated that it was difficult to continue executing the agreement under the current conditions due to interpretation issues with numerous of its components, it was concluded that the agreement should be foreclosed. 

You Might Be Interested In

The company added “No impact due to foreclosure as the execution of the work was not commenced.” 

RITES Limited, a Navratna Public Sector Enterprise, is a major force in India’s transport consulting and engineering sector, offering a wide range of services and a large geographic reach. 

The organization has almost 50 years of expertise and has worked on projects in over 55 countries in the Middle East, Asia, Africa, Latin America, and South America.  

At 11:51 am, the shares of RITES were trading 0.83% lower at Rs 228.27 on NSE.

Curious About RITES Ltd? Ask the Analyst.

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!

MARKETS

Stocks in Focus: KEC International, Dabur India, RITES, and Others

Ali Waghbakriwala

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 9 points higher at 23,331, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.

On Tuesday, 1 April, Domestic benchmark indices S&P BSE Sensex crashed by 1,390.41 points or 1.80% and settled at 76,024.51 while the Nifty50 traded 1.50% lower by 353.65 points, settling at 23,165.70.

Here are some stocks that are likely to remain in focus on 2 April.

KEC International: The company has announced secured new orders worth Rs 1,236 crore. The projects include power projects in Kuwait, UAE, and India that strengthen its presence in the infrastructure sector. 

Dabur India: The company has announced receiving a tax demand worth Rs 110.33 crore for the financial year 2017-18.

RITES: The company has mutually terminated its agreement with UP State Bridge Corporation for consultancy services for the construction supervision of civil works. The company terminated the agreement as they were facing interpretation issues regarding certain provisions of the agreement, and it was getting difficult for them to continue with the execution of the agreement under the existing terms.

L&T Technology Services: The company has announced signing a deal worth Rs 50 million Euro with a European automotive company for developing and operating next-generation software platforms that will be tailored to both current and upcoming vehicle models. 

Raymond: The company has announced its intention to enter into a Joint Venture Development (JVD) agreement to undertake a large-scale residential project in Wadala, Mumbai, that will be constructed for a gross development value of Rs 5,000 crore. 

Power Grid Corporation of India: The company announced that the Board of Directors is set to meet on 4 April to consider and approve raising funds via the issuance of NCDs. The company has also emerged as a successful bidder for establishing an inter-state transmission system. 

Tata Consumer Products: The company has announced receiving a tax demand notice worth Rs 262.08 crore for the assessment year 2021-22. However, the company has assured us that the demand order is not maintainable and is in the process of approving an appeal against it. 

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!

@2025 - www.equitypandit.com. All Right Reserved.
Latest
IPO
Weekly
Outlook

Stock
Market
Prediction