Recent Price Movement and Market Context
Redtape’s shares have been under pressure for the past two days, losing approximately 2.65% in that period. The stock’s intraday low on 17-Dec touched ₹123, reflecting a decline of 2.11% from previous levels. This drop contrasts sharply with the broader market, as the Sensex recorded a modest gain of 0.20% over the past week, while Redtape declined by 2.22% in the same timeframe. Over the last month, the stock’s fall of 7.31% also outpaced the Sensex’s marginal decline of 0.46%, signalling persistent weakness.
Year-to-date, Redtape’s performance has been particularly poor, with a staggering loss of 43.67%, while the Sensex has gained 8.22%. Over the last year, the stock has declined by 42.76%, in stark contrast to the Sensex’s 4...
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