Cantabil Retail India
CANTABIL (70) - After almost 9 months consolidation , now the price movement shows next round of operation is getting ready for another up move.
Now resistance 77--83
potential upside 102--114
Rs.115 Cr. Mar. Cap. company.
Is it real turn around story ?
Exploiting the recent micro cap. craziness !
Came out IPO and collected 105 Cr in Oct. 2010 (issue price 135)
until then showed profit but after wards in another three years (between 2011-12 to 2013-14) showed or incurred loss of 67 Cr. and last year showed some profit.
During this period, price came down from 125 to 15 , hovering around this price until 2014 first quarter and now at 70+
Below chart explain even better
(click the chart to get the zoom view)
Note : Each and every stock movement will have some kind of beautiful or ugly story behind it.
Understand the undercurrent.
Always, Price is the Prime.