1:5 Stock Split: Small Cap Textile Stock To Issue New Record Date, Gains 766% In 3 Yrs

Board of Directors of Small cap stock Cantabil Retail India have cancelled the record date of October 20 for sub-division/stock split and will now issue fresh rescord date in its upcoming meeting scheduled to take place on October 21. Cantabil Retail India shares witnessed a rally of 766% in last 3-years and declined 11% in last 1-year. Last trading price of Cantabil Retail India share on BSE is Rs 1126.20 per share with intraday gain of 2.74%. Check details below:

Cantabil Retail India To Issue New Record Date For Sub-Division of Shares: According to the BSE filing of the company, "This is with reference to our earlier intimation dated August 12, 2023 in respect of record date of Stock Split/ Sub-division. Please be informed that the said record date stands cancelled. Further we would like to inform you that the revised Record date for Stock Split/ Sub-division will be decided in upcoming Board Meeting (as intimated) to be held on October 21, 2023."

Earlier on August 12, the company 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. The company set October 20 as the record date.

Cantabil Retail Stock Performance & Return: Current market price of Cantabil Retail India stock on BSE is Rs 1126.20 per share. 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's market capitalisation is Rs 1838.82 crore. In last 3-months, Cantabil Retail India share surged 14%, gained 28% in last 6-months, soared 82% in last 2-years, and rallied 251% in last 3-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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