REDTAPE

Redtape Share Price

₹810.45 +2.5 (0.31%)

21 Nov, 2024 14:04

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Performance

  • Low
  • ₹792
  • High
  • ₹825
  • 52 Week Low
  • ₹437
  • 52 Week High
  • ₹980
  • Open Price₹817
  • Previous Close₹808
  • Volume41,672

Investment Returns

  • Over 1 Month -14.53%
  • Over 3 Month + 21.15%
  • Over 6 Month + 10.95%
  • Over 1 Year + 67.18%
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Redtape Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 71.1
  • PEG Ratio
  • -23.9
  • Market Cap Cr
  • 11,201
  • P/B Ratio
  • 17.3
  • Average True Range
  • 43.05
  • EPS
  • 11.4
  • Dividend Yield
  • 0
  • MACD Signal
  • 18.96
  • RSI
  • 38.28
  • MFI
  • 43.9

Redtape Financials

Redtape Technicals

EMA & SMA

Current Price
₹810.45
+ 2.5 (0.31%)
pointer
  • stock-down_img
  • Bullish Moving Average 5
  • stock-up_img
  • Bearish Moving Average 11
  • 20 Day
  • ₹879.84
  • 50 Day
  • ₹844.04
  • 100 Day
  • ₹795.42
  • 200 Day
  • ₹719.86

Resistance and Support

819.18 Pivot Speed
  • R3 872.67
  • R2 858.58
  • R1 833.27
  • S1 793.87
  • S2 779.78
  • S3 754.47

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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 below to its 50DMA and around 10% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It has recently broken out of a base in its weekly chart and is trading around 6% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 17 which is a POOR score indicating inconsistency in earnings, a RS Rating of 75 which is FAIR indicating the recent price performance, Buyer Demand at D+ which indicates heavy supply, Group Rank of 119 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.

View More

Redtape Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-11-13 Quarterly Results
2024-08-14 Quarterly Results
2024-05-29 Audited Results (Revised)
2024-01-24 Quarterly Results
2023-11-09 Quarterly Results

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 ₹810 As on 21 November, 2024 | 13:50

The Market Cap of Redtape is ₹11200.6 Cr As on 21 November, 2024 | 13:50

The P/E ratio of Redtape is 71.1 As on 21 November, 2024 | 13:50

The PB ratio of Redtape is 17.3 As on 21 November, 2024 | 13:50

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Q2FY23