Cantabil Retail India hits 11-mth high after BofA Securities adds stake

Cantabil Retail India

11/12/2023 05:07

** Shares of Cantabil Retail India  CRIL.NS  rise as much as
5.12% to 277 rupees apiece, highest price since Jan. 16
    ** Rise after BofA Securities Europe buys 467,978 shares,
amounting to 2.87% stake, in the apparel maker, through bulk
deal - data from National Stock Exchange
    ** BofA Securities had added 7.74% stake in the company on
Friday
    ** CRIL gained 30% in the last two weeks after announcing
that it opened six new showrooms in India in November
    ** Company now has 504 showrooms and outlets after the new
launches
    ** Stock has been in overbought zone since Dec. 5 - LSEG
data

    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))