Cantabil Retail India rises 10% as Q4 profit more than doubles

Cantabil Retail India

16/05/2023 08:10

** Shares of Cantabil Retail India Ltd  CRIL.NS  climbed as
much as 9.9% to 1,089 rupees, highest since Feb. 14
    ** Apparel manufacturer says profit from continued
operations more than doubled to 168.8 mln rupees ($2.1 mln) for
Mar-qtr; revenue from operations rose ~30% YoY 
    ** About 54,094 shares change hands by 12:33 p.m. IST, 3.1x
the 30-day avg - Refinitiv Data
    ** Stock on track to advance for second straight session, if
trend holds 
    ** Stock up 27.6% for the qtr so far vs declines of ~30% for
Jan-Mar qtr; stock has fallen 11% YTD 


($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))