REDTAPE

Redtape Share Price

₹855.85 -8.85 (-1.02%)

21 Dec, 2024 18:57

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Performance

  • Low
  • ₹852
  • High
  • ₹874
  • 52 Week Low
  • ₹437
  • 52 Week High
  • ₹980
  • Open Price₹870
  • Previous Close₹865
  • Volume75,653

Investment Returns

  • Over 1 Month + 5.93%
  • Over 3 Month + 14.76%
  • Over 6 Month + 8.67%
  • Over 1 Year + 89.83%
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Redtape Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 75.1
  • PEG Ratio
  • -25.2
  • Market Cap Cr
  • 11,828
  • P/B Ratio
  • 18.2
  • Average True Range
  • 30.88
  • EPS
  • 11.4
  • Dividend Yield
  • 0
  • MACD Signal
  • -5.24
  • RSI
  • 54.16
  • MFI
  • 70.94

Redtape Financials

Redtape Technicals

EMA & SMA

Current Price
₹855.85
-8.85 (-1.02%)
pointer
  • stock-down_img
  • Bullish Moving Average 15
  • stock-up_img
  • Bearish Moving Average 1
  • 20 Day
  • ₹842.18
  • 50 Day
  • ₹837.19
  • 100 Day
  • ₹807.93
  • 200 Day
  • ₹741.55

Resistance and Support

860.68 Pivot Speed
  • R3 890.97
  • R2 882.48
  • R1 869.17
  • S1 847.37
  • S2 838.88
  • S3 825.57

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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 15% 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 11% 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 73 which is FAIR indicating the recent price performance, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 133 indicates it belongs to a poor industry group of Apparel-Shoes & Rel Mfg and a Master Score of C is fair but needs to improve. 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
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 ₹855 As on 21 December, 2024 | 18:43

The Market Cap of Redtape is ₹11828 Cr As on 21 December, 2024 | 18:43

The P/E ratio of Redtape is 75.1 As on 21 December, 2024 | 18:43

The PB ratio of Redtape is 18.2 As on 21 December, 2024 | 18:43

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