New Delhi: Shares of Cupid Limited, a leading manufacturer of condoms, water-based lubricants, and IVD kits, surged as much as 11% on Tuesday, giving investors spectacular returns over the past six months. Intraday, the stock touched ₹433, rebounding strongly after a sharp fall over the last two trading sessions.
Cupid’s shares have delivered phenomenal growth in recent months. A six-month investment of ₹1 lakh in the stock would have grown to nearly ₹4 lakh today—a 300% gain. Over the past year, the stock has skyrocketed more than 400%, turning ₹1 lakh into ₹5.32 lakh. This performance cements Cupid’s status as a multibagger in the Indian market.
Tuesday’s Rally
At 12:30 PM on BSE, Cupid shares were trading at ₹423.95, up 8.68%. The sharp recovery follows recent heavy losses, where the stock fell nearly 25% over a few sessions. Market experts attribute the rebound to short-covering and renewed investor confidence in the company’s long-term fundamentals.
The rally was further supported by Cupid’s Q3 FY26 business update, which highlighted accelerated operations and improved demand visibility across its product lines.
Recent Volatility
Cupid shares had experienced a significant drop on 2 January, falling approximately 20%. Following this, the company clarified that no undisclosed events or developments had impacted its stock price or trading volume, addressing concerns raised by the stock exchange.
Disclaimer: The information provided reflects analysts’ or brokerage recommendations and not Navbharat Times’ advice. Investors are urged to consult certified experts before making any investment decisions, as market conditions can change rapidly.
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