Cupid shares plunge 20% on profit booking, end 13-session unbeaten rally
Cupid shares fell sharply on Fridat after a 13-session unbeaten rally, driven by heavy profit booking and strong volumes. The stock, which hit a 52-week high on Thursday, remains deeply overbought with RSI at 93 and MFI at 100. Despite the correction, Cupid has delivered 452% returns over the past year.
Shares of contraceptive manufacturing company Cupid plunged 20% on Friday, hitting the day's low of Rs 419.95 on the NSE amid profit booking after an unbeaten 13-day rally that saw the stock surge 34%. The price action occurred with strong volumes as more than 2 crore shares changed hands on the exchange.
The Aditya Kumar Halwasia-promoted company hit a 52-week high of Rs 526.95 on Thursday.
Halwasia is an Indian investor with stake in Tourism Finance Corporation of India Ltd (TFCIL) is also the Chairman and Managing Director of Cupid. He recently bought 38 lakh shares in The Karnataka Bank for Rs 71 crore.
The multibagger stock has been in a strong rally, delivering returns of 452% over a 1-year period. With its momentum indicators RSI and MFI showing the stock in strongly overbought zone, a pullback looked imminent.
While RSI is hovering around 93, the day's MFI showed a level of 100, according to a Trendlyne data. A number above 70 is considered to be overbought for a give stock.
**Also read: PSUs throw 24 winners with up to 109% gains, 36 washouts in 2025. Bet on budget buzz or avoid?
**
Cupid shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of 348 and Rs 186.3.
The company reported a consolidated net profit of Rs 24 crore in the quarter ended September 30, 2025. The bottom line jumped 140% over the profit after tax (PAT) of Rs 10 crore reported in the corresponding quarter of the last financial year. The total revenue in the quarter under review stood at Rs 90 crore, which is growth of 91% YoY compared to Rs 47.3 crore in the year ago period.
Cupid is a manufacturer and supplier of male and female condoms, water-based lubricant jelly & IVD Kits. Incorporated as a public limited company in 1993, it made its market debut in 1995 on the BSE while getting listed on the NSE in 2016.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)