On Tuesday this small-cap stock jumps more than 3.5% after announcing a business updates. The stock has delivered 11% returns in one month and 30% returns in six months. Currently, the stock is trading 10.5% above the 50-day moving average and 10% above the 200-day moving average.
Cantabil Retail India Limited
Cantabil Retail India Limited the company has a market capitalisation of Rs. 1,876 Cr, making it a small-cap company. On Tuesday the stock closed 3.3% up at Rs. 1,154.50 on NSE.
According to the company filing, Cantabil Reatail India Limited has opened 7 new showrooms/shops at different locations in India during the month of Setember 2023. Now the total number of showrooms/shops of the company stands at 482.
The total revenues of the company increased by 11% from 101.69 Cr in Q1 FY23 to Rs. 112.9 Cr in Q1 FY24 and net profits declined by 13% from Rs. 14.12 Cr in Q1 FY23 to Rs. 12.27 Cr in Q1 FY24.
As per the latest shareholding data, Promoters hold 74.97% and the Public hold a 25.03% stake in the company.
Cantabil Retail India Ltd is a clothing manufacturer and retailer. The company’s primary business activities include designing, manufacturing, branding, and retailing garments through a retail store chain. Under the same name, the company also sells accessories such as ties, belts, socks, caps, and handkerchiefs.
Written by Sheshadri N
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