📈 Cantabil Share Price Soars to 214 Rupees, Investors Reap Benefits 🚀
Cantabil Retail India Limited has consistently provided excellent returns to its investors. The company’s shares have prospered in long-term investments, delivering nearly 7,000% return over the past 10 years. In 2013, the share price was at 3 rupees. On Saturday, the company’s share price surged by 6% to reach 214 rupees. The company is actively involved in designing, manufacturing, branding, and retail sales of clothing.
If an investor had invested 1 lakh rupees in a share 10 years ago and held onto it, it would be worth 71 lakh rupees today. However, the stock has seen negative returns in the past year. In the last six months, the share has only increased by 3%. Analysts are recommending to maintain the stock with stop loss at 198 rupees and target prices at 223 and 240 rupees.
On Wednesday (May 22, 2024), the share was trading at 0.67% higher at 212 rupees. Indian apparel retailer Cantabil recorded a net profit of 18.35 crore rupees in the fourth quarter. The company stated in a release that during the entire financial year, the company’s revenue increased by 12% to 616.49 crore rupees, and the profit was 62.22 crore rupees.
Cantabil has opened new stores for clothing and accessories in Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, West Bengal, and Nagaland. By the end of the year, the company operated 533 stores.
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