Stock Split: Multibagger Small Cap Textile Stock To Consider, Approve Record Date

Board of directors of Cantabil Retail India Ltd said they will hold a meeting on October 21, 2023 to consider and approve record date for the purpose of stock split/sub-division of shares. Current market price of Cantabil Retail share on BSE is Rs 1171.55 apiece with intraday gain of 0.90%. Cantabil Retail stock witnessed spurt in volume by more than 1.15 times. Cantabil Retail shares gained 15% in last 3-months, soared 36% in last 6-months, and offered a rally of 792% in last 5-years. Check details below:

Cantabil Retail To Consider & Approve Record Date For Sub-Division of Shares: According to the BSE filing issue on October 5, 2023, "Pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, Notice is hereby given that the Meeting of the Board of Director's of the Company is scheduled to be held on Saturday, October 21, 2023 at 12:00 Noon at B-16 Lawrence Road Industrial Area, New Delhi110035 through Video Conferencing to, inter-alia, consider and approve Record date for the purpose of Stock Split/ Sub-division."

Cantabil Retail Recommended Stock Split: The company on August 12 considered and approved the proposal of Stock Split/ Sub-Division of every 1 (one) equity share of the Nominal/Face value of Rs. 10/- (Rupees Ten Only) each into 5 (Five) equity shares of the Nominal/Face value of Rs. 2/- (Rupees Two Only) each. It fixed October 20 as the record date.

Cantabil Retail Stock Outlook & Return: Current market price of Cantabil Retail share is Rs 1171.55 per share on BSE with intraday rally of 0.90%. Its 52-week high price is Rs 1425.40 per share and 52-week low price is Rs 800.50 per share, respectively. The company has a market capitalisation of Rs 1912.86 crore. Cantabil Retail shares declined 13% in last 1-year, gave return of 96% in last 2-years, and offered a robust rally of 6791% in last 10-years.

Cantabil Retail About: Cantabil Retail India Ltd. is in the business of designing, manufacturing, branding and retailing of apparels under the brand name of CANTABIL. It has a network of 400+ exclusive retail outlets & employee strength of more than 3700+ spread across India. The Company started its garments manufacturing and retailing business in the year 2000 and opened its first Cantabil store in September, 2000 in New Delhi. The CANTABIL brand offers the complete range of formal-wear, party-wear, casuals & ultracasual clothing for Men and Women in the middle to high income group, according to its official website.

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