2024-01-14 17:17:08
Apparel manufacturing company Cantabile Retail India has been one of the multipacker returns in the last few years.Samayam Tamil
cantabile retail india The company’s stock has given a multipacker return of 7300 percent in the last 10 years. If you had invested Rs 10,000 in this stock 10 years ago it would have turned into Rs 7 lakh today.
The winning streak has continued over the previous few years with gains of nearly 870% over the past five years. However, the stock has fallen 5%, meaning it hasn’t given much of a boost over the past one year.
Among public shareholders, mutual funds do not have a significant stake, but foreign investors hold 2.15%. BofA Securities, a leading global investment firm, holds a 2.12% stake in the company. A majority of 74.97% of the company is owned by promoters, while general shareholders hold the remaining 25.03%.
At the end of the trading day on Friday, Cantabile Retail was trading at Rs.257, down 0.73%. This stock can be said to be suitable for long term investments.
The company designs and manufactures clothing under the brand name Cantabil. It has a network of 500 exclusive retail outlets and an employee strength of over 3700 across India. The Cantabile brand offers formal, party, casual and ultra-casual wear for middle and high income groups of men and women.
Disclaimer: This article is for informational purposes only and is not intended as investment advice
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