Redtape (Mid Cap - High Growth) Share Target 2024, 2025 To 2039
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Redtape Limited |
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Price: ₹855.85 | ||
| 52 Week Low: ₹437.05 52 Week High: ₹980.00 |
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| Market Capital: 9,873.84 Crore (Midcap) | |||
| Consumer Cyclical -> Footwear & Accessories | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Redtape Share Price Target For 2024
- 1.1.1: Redtape Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Redtape Share Price Target For 2025
- 1.2.1: Redtape Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Redtape Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Redtape Brief Company Overview
- 4: Redtape Financial Performance
- 4.0.1: Is Redtape A Good Buy For Long Term?
To predict the Redtape's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Redtape Share Price Target For 2024
The line chart displays the monthly closing prices of Redtape with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Redtape shares in 2024, see the table below.
Redtape Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 900.0 (+5.15%) | Price Action: 28 Oct 2024 High |
| 2024 Target 2 | 890.95 (+4.10%) | Price Action: 25 Oct 2024 High |
| 2024 Target 1 | 874.0 (+2.12%) | Price Action: 20 Dec 2024 High |
| Current Price | 855.85 | Redtape's share price as of 20 Dec 2024 |
| Stop Loss 1 | 845.04 (-1.27%) | Price Action: 25 Oct 2024 Low |
| Stop Loss 2 | 835.71 (-2.36%) | Fibonacci Retracement Level 71.80% |
| Stop Loss 3 | 824.95 (-3.62%) | Price Action: 21 Nov 2024 High |
Short-Term Technical Outlook
Current Technical Position: Redtape is showing mixed momentum signals near key moving averages.
Key Technical Level: The 50-day moving average at ₹869.02 serves as the nearest technical reference point.
Historical Returns: 3-month: +9.51% | 6-month: +11.60% | 1-year: +82.10%
Redtape Share Price Target For 2025
The line chart displays the monthly closing prices of Redtape with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Redtape shares in 2025, see the table below.
Redtape Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 1251.48 (+46.22%) | Fibonacci Extension Level 150.00% |
| 2025 Target 2 | 1220.31 (+42.58%) | Price Action: Chart |
| 2025 Target 1 | 1208.23 (+41.17%) | Fibonacci Extension Level 64.90% |
| Current Price | 855.85 | Redtape's share price as of 20 Dec 2024 |
| Stop Loss 1 | 774.95 (-9.46%) | Price Action: May 2024 High |
| Stop Loss 2 | 763.04 (-10.85%) | Price Action: Oct 2024 Low |
| Stop Loss 3 | 754.73 (-11.82%) | Technical Indicator: MA200 |
Long-Term Technical Outlook
52-Week Range Analysis: Redtape is currently trading near its 52-week high of ₹980, showing strong yearly momentum.
Long-Term Trend Analysis: The stock is maintaining a bullish long-term trend, trading above both 150-day and 250-day moving averages.
Long-Term Performance: 1-year: +82.10% | 3-year: NA | 5-year: NA
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Approach 2: Machine Learning By Studying Historical Prices
Redtape Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹855.85 | ||
| 2024 | ₹933.54 | +9.08% | ₹947.54 |
| 2025 | ₹1,275.00 | +36.58% | ₹1,294.12 |
| 2026 | ₹1,561.51 | +22.47% | ₹1,584.93 |
| 2027 | ₹1,940.51 | +24.27% | ₹1,969.62 |
| 2028 | ₹2,337.14 | +20.44% | ₹2,372.20 |
| 2029 | ₹2,618.13 | +12.02% | ₹2,657.40 |
| 2030 | ₹2,965.62 | +13.27% | ₹3,010.10 |
| 2031 | ₹3,198.03 | +7.84% | ₹3,246.00 |
| 2032 | ₹3,621.82 | +13.25% | ₹3,676.15 |
| 2033 | ₹4,063.03 | +12.18% | ₹4,123.98 |
| 2034 | ₹4,302.72 | +5.90% | ₹4,367.26 |
| 2035 | ₹4,656.23 | +8.22% | ₹4,726.07 |
| 2036 | ₹4,834.56 | +3.83% | ₹4,925.97 |
| 2037 | ₹5,303.13 | +9.69% | ₹5,382.68 |
| 2038 | ₹5,788.92 | +9.16% | ₹5,875.75 |
| 2039 | ₹5,839.33 | +0.87% | ₹5,926.92 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
Redtape Brief Company Overview
Redtape: A Footwear and Clothing Powerhouse Established in 1996, Redtape Limited is an Indian manufacturing and retail giant. Their extensive product range spans footwear, clothing, and accessories for men, women, and kids. Footwear: Sandals, slippers, casuals, shoes, sports...
shoes, boots, sliders, flip flops Clothing: T-shirts, shirts, sweaters, sweatshirts/hoodies, jackets, jeans, trousers, jeggings, pants, active T-shirts, shorts, trackpants/joggers Accessories: Tops/tunics, jackets, kurtas, tights/leggings, trackpants/joggers, caps, belts, socks, wallets, gift cards Redtape operates retail stores and online channels, with its products sold under various brands: RedTape, RedTape Athleisure, Mode By RedTape, and Bond Street by RedTape. As a subsidiary of Mirza International Limited, Redtape has cemented its reputation as a leading player in the footwear and clothing industry. Their commitment to quality and diversity has made them a trusted choice for consumers worldwide.Redtape Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 9,873.84 Crore | Market valuation of Redtape's shares. |
| Revenue (TTM) | 1,714.84 Crore | Total revenue generated by Redtape over the past twelve months. |
| Net Income (TTM) | +1,698,300,032.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +14.28% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +9.90% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+29.29% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+14.09% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
84.9 | Company's total debt divided by total shareholder equity. |
| Total Debt | 470.81 Crore | Sum of Redtape's current & long-term financial obligations. |
| Total Cash | 25.47 Crore | Total amount of liquid funds available to Redtape. |
Is Redtape A Good Buy For Long Term?
Redtape, with a market cap of 9,873.84 Crore, has shown a revenue growth of 29.29% in the previous quarter and an earnings growth of 14.09% compared to the same quarter last year. Its profit margin remains at a healthy 9.9%. While short-term returns are positive, the low long-term returns along with debt of 470.81 Crore, make it not a good buy for the long term.
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
