Redtape rises as its arm enters into strategic, marketing & technical tie-up with Daraz

26 Dec 2023 Evaluate

Redtape is currently trading at Rs. 469.20, up by 3.45 points or 0.74 % from its previous closing of Rs. 465.75 on the BSE.

The scrip opened at Rs. 469.40 and has touched a high and low of Rs. 475.70 and Rs. 467.45 respectively. So far 11138 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 574.90 on 17-Oct-2023 and a 52 week low of Rs. 410.55 on 07-Sep-2023.

Last one week high and low of the scrip stood at Rs. 475.70 and Rs. 437.70 respectively. The current market cap of the company is Rs. 6487.20 crore.

The promoters holding in the company stood at 71.76 % while Institutions and Non-Institutions held 8.66 % and 19.57 % respectively.

Redtape’s wholly-owned subsidiary -- Redtape Bangla has entered into Strategic, Marketing & Technical tie-up with Daraz, a Bangladesh based online shopping platform for sale of REDTAPE Products in Bangladesh. This tie up will provide new opportunities to the company to expand its overseas business.

RedTape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.

Redtape Share Price

869.30 6.65 (0.77%)
24-Dec-2024 16:59 View Price Chart
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