9 months ago
Cupid Shares Plunge 20%, Ending 13-Day Rally
Cupid Ltd's shares dropped by 20% on Friday, ending a 13-day winning streak.
Despite this, the stock is still up over 454% in the past year.
The stock exchanges BSE and NSE have put Cupid's shares under special watch due to high volatility.
The company plans to open a new factory in Saudi Arabia to expand its business overseas.
The reason for the sudden drop is not clear, but it might be due to market speculation.
Investors are waiting for more information from the company.
Cupid Ltd shares fell 20% on Friday, snapping a 13-session rally.
Stock is still up 454.46% over the past year.
BSE and NSE placed Cupid's securities under long-term ASM framework.
Company plans to set up first international FMCG manufacturing facility in KSA.
No official explanation for the sudden decline, possibly due to speculative trading.
- Who
- Cupid Ltd, BSE, NSE, Investors
- What
- Sharp decline in Cupid shares, placement under ASM framework, planned FMCG facility in KSA
- Where
- India, Saudi Arabia (KSA)
- When
- Friday, January 2
- Why
- Unexplained market pressures, speculative trading, ASM framework placement
Key facts
- Current Share Price
- Rs 419.95
- Yearly Return
- 454.46%
- New Facility Location
- Kingdom of Saudi Arabia (KSA)
- P/E Ratio
- 182.59/182.76
- P/B Value
- 35.17
- EPS
- 2.30/2.30
- RoE
- 19.26%
- Beta
- 0.74
Quotes
Cupid Ltd
A company engaged in FMCG manufacturing and international expansion
“The proposed facility is aimed at supporting Cupid Ltd's FMCG growth strategy and strengthening its presence in overseas markets, beginning with the Gulf Cooperation Council (GCC) region. The plant is expected to enhance regional supply capabilities, improve speed to market, and ensure better product availability across KSA and other GCC countries.”
businesstoday.in
Sources
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