From mint · Pranati Deva · · 1m 20s
Cupid stock hits record high after 15,400% surge
Cupid shares reach ₹368 record high after 15,400% gain in 5 years.
In brief
Cupid shares reach ₹368 record high after 15,400% gain in 5 years. Cupid stock hit a record ₹368 share price after surging 15,400% in five years, driven by strong business momentum and revised financial guidance. Originally reported by mint.
Cupid stock surge
Cupid shares extended a sharp rally to a record high of ₹368 on BSE.
“Cupid shares extended its rally on Friday, October 9, climbing more than 3% to a fresh record high of ₹ 368 on the BSE”
Five-year growth
Cupid shares have surged 15,400% over five years, with 39% gain in seven sessions.
“Over five years, Cupid shares have skyrocketed 15,400%”
Revised guidance
Cupid raised FY27 revenue guidance to ₹800 crore and net profit to over ₹250 crore.
“Cupid raised its FY27 revenue guidance to ₹ 800 crore and net profit guidance to over ₹ 250 crore”
Business momentum
Company cited stronger market visibility and growth in domestic FMCG business for guidance upgrade.
“The company said sustained growth across its major business segments and better visibility in domestic and international markets had prompted it to raise its FY27 revenue guidance”
Global market growth
Global condom market expected to grow at 8.7% CAGR between FY23-30.
“The global condom market is expected to grow at a compound annual growth rate (CAGR) of about 8.7% between FY23-30”
South Africa initiative
Cupid received in-principle approval for manufacturing venture in South Africa.
“The company also received in-principle approval for a manufacturing venture in South Africa”
Palava facility
Cupid plans to operationalise Palava manufacturing facility to improve supply capabilities.
“Cupid plans to operationalise its Palava manufacturing facility to improve production capacity, flexibility and supply capabilities for domestic and overseas markets”
Healthcare partnership
Cupid strengthened healthcare partnership with GII Healthcare Investment Limited through $5 million investment.
“Cupid strengthened its healthcare partnership with GII Healthcare Investment Limited through an additional $5 million follow-on investment”
Technical outlook
Analysts advise avoiding chasing Cupid at current levels with ₹345 as key support.
“The key support zone is placed near ₹ 345, which now becomes an important level to monitor”
Stop loss strategy
Investors should trail stop loss to ₹345 to maintain bullish trend.
“We advise investors to continue holding the stock while trailing the stop-loss to ₹ 345”
The one thing
Cupid stock hit a record ₹368 share price after surging 15,400% in five years, driven by strong business momentum and revised financial guidance.
