Red Avenue New Materials Group Co., Ltd.
Red Avenue New Materials Group Co., Ltd. (HKSE: 9607) is trading at HK$40.32, about ₹495 at today's HKD/INR rate, as of 2 Oct 2026, 4:08 AM ET, up 0.30% today. Indian residents can buy Red Avenue New Materials Group from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$36.00
Today's high
HK$41.20
52 week low
HK$36.00
52 week high
HK$43.38
9607 opened at HK$39.80, closed previously at HK$40.20, and has traded between HK$36.00 and HK$43.38 over the past 52 weeks.
About
Red Avenue New Materials Group Co., Ltd. manufactures materials for the tire, electronics, and biodegradable materials industries. The company operates through three segments: Rubber Additives for Tyres and Other Chemical Products, Electronic Materials, and Fully Biodegradable Materials. The company's Rubber Additives for Tyres and Other Chemical Products segment manufactures phenolic resins, rubber processing aids, silica and functional additives, chemical peptizers, anti-reversion agents, homogenizers, and coupling agents for carbon black. The segment also produces PTPB (para-tertiary-butylphenol), DMB (2,6-dimethylol-4-methylphenol), rubber wax, cobalt, and processing oils for rubber and tire applications. The company's Electronic Materials segment manufactures semiconductor photoresists, IC photoresists, display photoresists, EBR (electronic resin), and PMA (photoresist material additive), along with high-purity solvents and CMP (chemical mechanical polishing) polishing pads. This segment also produces electronic resins, including phenolic resins for display photoresists and G/I-line photoresists, PHS resins for KrF photoresists, organic insulating films, and light-emitting materials, and provides Turnkey Electronic Solutions for semiconductor and display panel manufacturing. The company's Fully Biodegradable Materials segment manufactures PBAT (polybutylene adipate terephthalate) products used in packaging materials and agricultural mulch films, bio-compostable materials for daily use, food contact, and agriculture, and high-transparency food packaging materials. It serves the automotive tire, semiconductor, and display panel industries internationally. Red Avenue New Materials Group Co., Ltd. was founded in 1999 and is headquartered in Shanghai, China.
Key statistics
Avg. volume
6.18M
Market cap
HK$24.72B
P/E Ratio
—
Price-to-sales ratio
—
Enterprise value
—
Free cash flow yield
—
Debt-to-equity ratio
—
Return on equity
—
ROIC
—
Beta
0.73
Dividend yield
—
Last dividend
HK$0.50
Financial overview
Revenue
—
Earnings per share
—
Free cash flow
—
Net profit margin
—
Gross margin
—
EBITDA
—
Revenue growth
—
How to buy Red Avenue New Materials Group from India
Indian residents can buy Red Avenue New Materials Group shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Red Avenue New Materials Group and place an order
Find Red Avenue New Materials Group by name or by its ticker, 9607, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Red Avenue New Materials Group trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Red Avenue New Materials Group position in HKD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Red Avenue New Materials Group from India
Trading and taxes when buying Red Avenue New Materials Group from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Red Avenue New Materials Group stock?
Yes. Red Avenue New Materials Group (9607) has been listed on the Hong Kong Stock Exchange since 2026, in the Chemicals - Specialty industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Red Avenue New Materials Group share cost in rupees?
One Red Avenue New Materials Group share is HK$40.32 — about ₹495 at an HKD/INR rate of 12.28 on 1 Oct 2026. Both the Red Avenue New Materials Group price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Red Avenue New Materials Group from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Red Avenue New Materials Group?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Red Avenue New Materials Group shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Red Avenue New Materials Group price. Paasa issues a capital-gains statement for your return.
Does Red Avenue New Materials Group pay a dividend, and how is it taxed in India?
Yes. Red Avenue New Materials Group pays a dividend — the most recent was HK$0.50 per share, about ₹6.14. Dividends are taxed at your slab rate in India. Paasa's dividend report covers each payment.
When can I trade Red Avenue New Materials Group from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is Red Avenue New Materials Group a Hong Kong SAR China company, and does that change how it is taxed?
Red Avenue New Materials Group trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Red Avenue New Materials Group trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Red Avenue New Materials Group shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Red Avenue New Materials Group holding, its cost and its closing value.
How do I sell Red Avenue New Materials Group and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.