{"id":109408,"date":"2023-09-08T13:50:39","date_gmt":"2023-09-08T08:20:39","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109408"},"modified":"2023-09-08T13:50:44","modified_gmt":"2023-09-08T08:20:44","slug":"small-cap-stock-jumps-up-to-10-after-company-receives-crisil-a-rating","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-up-to-10-after-company-receives-crisil-a-rating\/","title":{"rendered":"Small cap stock jumps up to 10% after company receives CRISIL A rating\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3358584621\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market valuation of Rs 6,193 crore, the footwear brand&#8217;s shares climbed 10 percent to Rs 461.90 per share on Friday after CRISIL assigned the rating.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2531493151\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:10 p.m., Redtape Ltd shares were trading at Rs 447.10 per share, up Rs 28.05 or 6.68 percent from the previous close price on the Exchange. The company has a market capitalization of Rs 6,194 crore.&nbsp;<\/p><p>The CRISIL rating agency assigned the company a CRISIL A(Stable) grade for the total Bank Loan Facilities of Rs 240 Crore. According to BSE filings.&nbsp;<\/p><p>The company\u2019s revenue has increased by 390 percent year on year, from Rs 296 crore in FY 21-22 to Rs 1,458 crore in FY 22-23. During the same period, Net profit jumped by 440 percent from Rs 25 crore to Rs 136 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1509109503\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per the recent financial year, the company&#8217;s profitability ratio has increased with a return on equity at 29.19 percent and a return on capital employed at 25.31 percent and the company\u2019s net profit margin has marginally increased to 9.32 percent.&nbsp;<\/p><p>According to the recent shareholding pattern, the promoters hold 71.77 percent of the company, while Domestic institutional investors hold 4.13 percent and retail investors hold a 22.59 percent stake.&nbsp;<\/p><p>RedTape is a Fashion and lifestyle brand, It is known for emerging as one of the Finest Brands of Footwear and Clothing for Men, Women, and Kids. The company sells its products in over 37 Countries and 6 Continents.&nbsp;<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1037002043\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market valuation of Rs 6,193 crore, the footwear brand&#8217;s shares climbed 10 percent to Rs 461.90 per share on Friday after CRISIL assigned the rating.&nbsp; At 1:10 p.m., Redtape Ltd shares were trading at Rs 447.10 per share, up Rs 28.05 or 6.68 percent from the previous close price on the Exchange. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-109408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small cap stock jumps up to 10% after company receives CRISIL A rating\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-up-to-10-after-company-receives-crisil-a-rating\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small cap stock jumps up to 10% after company receives CRISIL A rating\u00a0\" \/>\n<meta property=\"og:description\" content=\"With a market valuation of Rs 6,193 crore, the footwear brand&#8217;s shares climbed 10 percent to Rs 461.90 per share on Friday after CRISIL assigned the rating.&nbsp; At 1:10 p.m., Redtape Ltd shares were trading at Rs 447.10 per share, up Rs 28.05 or 6.68 percent from the previous close price on the Exchange. 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