Cantabil Retail witnessed an early surge of nearly 5 percent on December 11, triggered by the acquisition of a 2.87 percent stake by BoFA Securities Europe SA. Bulk deal data unveiled the purchase of 4.67 lakh shares at an average price of Rs 263 each.
As of 12:46 pm, the shares sustained the momentum, trading 2.14% higher at ₹269.15. Notably, the stock has exhibited a robust performance throughout the year, registering a gain of over 14 percent. This trajectory aligns with the benchmark Nifty 50, which has experienced a comparable surge over the same period.
Specializing in designing, manufacturing, and retailing apparel and accessories under the Cantabil brand, the company’s product range encompasses menswear, womenswear, kidswear, and accessories. With a strategic focus on Tier II and III towns, Cantabil Retail caters to the mid-premium segment, leveraging opportunities where other brands have limited presence.
