Redtape gains on commencing commercial operations at newly established Warehouse in Punjab
Redtape is currently trading at Rs 132.75, up by 0.95 points or 0.72% from its previous closing of Rs 131.80 on the BSE.
The scrip opened at Rs 135.45 and has touched a high and low of Rs 135.45 and Rs 130.25 respectively. So far 14945 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 245.45 on 04-Nov-2024 and a 52-week low of Rs 116.20 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 143.90 and Rs 130.25 respectively. The current market cap of the company is Rs 7319.17 crore.
The promoters holding in the company stood at 71.80%, while Institutions and Non-Institutions held 13.75% and 14.44% respectively.
Redtape has commenced commercial operations at its newly established Online Warehouse and Operations Set-up situated at Tehsil Sahnewal, District Ludhiana, Punjab. The newly constructed warehouse encompasses a total storage area of 47,700 sq. ft., comprising 44,000 sq. ft. on the Ground Floor and 3,700 sq. ft. on the Mezzanine Floor. This facility is expected to significantly enhance the company's capability to efficiently cater to the delivery requirements of its online shopping customers.
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.
