REDTAPE

Redtape Share Price

₹888.15 +0.9 (0.1%)

28 Dec, 2024 02:29

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Performance

  • Low
  • ₹886
  • High
  • ₹900
  • 52 Week Low
  • ₹458
  • 52 Week High
  • ₹980
  • Open Price₹900
  • Previous Close₹887
  • Volume117,624

Investment Returns

  • Over 1 Month + 9.42%
  • Over 3 Month + 21.97%
  • Over 6 Month + 14.22%
  • Over 1 Year + 90.47%
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Redtape Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 77.9
  • PEG Ratio
  • -26.2
  • Market Cap Cr
  • 12,274
  • P/B Ratio
  • 18.9
  • Average True Range
  • 32.09
  • EPS
  • 11.4
  • Dividend Yield
  • 0
  • MACD Signal
  • 1.1
  • RSI
  • 62.82
  • MFI
  • 80.47

Redtape Financials

Redtape Technicals

EMA & SMA

Current Price
₹888.15
+ 0.9 (0.1%)
pointer
  • stock-down_img
  • Bullish Moving Average 16
  • stock-up_img
  • Bearish Moving Average 0
  • 20 Day
  • ₹853.70
  • 50 Day
  • ₹842.98
  • 100 Day
  • ₹813.17
  • 200 Day
  • ₹746.82

Resistance and Support

891.2 Pivot Speed
  • R3 910.60
  • R2 905.15
  • R1 896.65
  • S1 882.70
  • S2 877.25
  • S3 868.75

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Red Tape is a prominent footwear and lifestyle brand in India, known for its stylish and comfortable shoes, bags, and accessories. Offering a blend of quality and affordability, Red Tape caters to diverse consumer needs in the fashion market.

Redtape Ltd has an operating revenue of Rs. 1,982.12 Cr. on a trailing 12-month basis. An annual revenue growth of 26% is outstanding, Pre-tax margin of 13% is healthy, ROE of 27% is exceptional. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 17% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 9% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 18 which is a POOR score indicating inconsistency in earnings, a RS Rating of 76 which is FAIR indicating the recent price performance, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 129 indicates it belongs to a poor industry group of Apparel-Shoes & Rel Mfg and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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Redtape Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-12-26 Interim Dividend, Bonus issue & Others To consider other business matters.
2024-11-13 Quarterly Results
2024-08-14 Quarterly Results
2024-05-29 Audited Results (Revised)
2024-01-24 Quarterly Results
Date Purpose Remarks
2025-01-03 INTERIM Interim Dividend

Redtape F&O

Redtape Shareholding Pattern

71.8%
10.18%
3.3%
0%
10.97%
3.75%

About Redtape

  • NSE Symbol
  • REDTAPE
  • BSE Symbol
  • 543957
  • Managing Director
  • Mr. Shuja Mirza
  • ISIN
  • INE0LXT01019

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Redtape FAQs

Redtape share price is ₹888 As on 28 December, 2024 | 02:15

The Market Cap of Redtape is ₹12274.4 Cr As on 28 December, 2024 | 02:15

The P/E ratio of Redtape is 77.9 As on 28 December, 2024 | 02:15

The PB ratio of Redtape is 18.9 As on 28 December, 2024 | 02:15

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