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Signature Global is the largest real estate development company in the National Capital Region of Delhi in affordable and lower mid-segment housing in terms of units supplied between 2020 and the three months ended March 31, 2023, with a market share of 19%.

Markets opened with declines on global cues but picked up pace as the session progressed but the overall movement remained range bound

"Multi-asset allocation funds are gaining popularity among new investors who are looking for a steady growth investment vehicle. These funds provide exposure to different asset classes like equity, debt, and gold, which can help investors diversify their portfolios. While the performance of these funds has been decent, investors should be aware of the cyclical nature of different asset classes. Fund managers play a crucial role in managing the risk and volatility associated with these funds. "

“As far as the mid and smallcaps are concerned, there is still a lot of stock picking expertise may be needed which can help investors. So while the largecap index funds are definitely going to outperform, in the case of mid and smallcaps, active funds may be a good choice.”

A total of 915,644 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high of Rs 630.0 and a 52-week low of Rs 388.05.

The category reserved for retail investors was subscribed 19%, followed by non-institutional investors at 10%. There were no bids from qualified institutional buyers.

Technical analysts said the stock broke out of the descending channel pattern on weekly charts with above-average volume. Last week, the price retraced back towards breakout levels with a gap-down opening.

A total of 6,211 shares changed hands on the counter till 11:37AM (IST).