Cantabil Retail Shares Surge nearly 3% Higher: BoFA Securities Europe SA Acquires Stake

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.

Advertisement

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.