Bonus Share News | The Redtap Limited Company stock witnessed a boom on Friday 24 January 2025. The reason for the rally in the Redtap Limited Company shares is the announcement of the company's bonus shares. Redtap has announced that it will provide 3 free bonus shares per share to investors. The company has also announced a record date.
Bonus share record date
On 23 January, Redtap Limited said in a filing to the stock exchange that three new bonus shares will be issued to the eligible investors for each 1 share of an inscribed price of Rs 2. Redtap Limited has set a record date of February 4 on Tuesday. This means that 3 new free shares will be deposited in the demat account of investors whose demat account will be 1 shares by February 4.
Redtap share performance
On 11 August 2023, the Share of the Redtap Limited Company was trading at Rs 493.85. Yesterday, the shares of the Redtap Limited Company were trading 755.20. The shares had a closing price of Rs 740.60 on Thursday. Shares of Redtap Limited were trading in a radius of Rs 740.15 to Rs 758.40 on Friday. In the long term, the shares of the Redtap Limited Company have given 52.68% returns to investors. On Friday, January 24, 2025, the shares of the Redtap Limited Company rose by 1.97 percent to Rs 755.20. The total market cap of Redtap Limited is currently Rs 10,462 crore. The high level of 52-week in the stock of the Redtap Limited Company was Rs 980, while the 52-week low in the stock was Rs 536.10.
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