Redtape's Recent Gains Highlight Small-Cap Resilience Amid Broader Market Trends

Redtape, a small-cap player in the footwear industry, has shown significant activity today, gaining 7.66% on September 2, 2025. This performance has allowed the stock to outperform its sector by 5.32%. Over the past four days, Redtape has consistently gained, accumulating a total return of 8.35% during this period. The stock reached an intraday high of Rs 132, reflecting a rise of 7.54% at its peak.
In terms of moving averages, Redtape's current price is above its 5-day, 20-day, and 50-day moving averages, yet it remains below the 100-day and 200-day moving averages. This indicates a mixed trend in its short-term performance relative to longer-term averages.

In the broader market context, the Sensex opened positively, trading at 80,716.80, up 0.44%. Small-cap stocks are leading the market today, with the BSE Small Cap index gaining 0.96%. Despite Redtape's recent gains, its year-to-date performance remains down by 39.50%, contrasting with the Sensex's positive return of 3.30% during the same period.