Why did Cupid shares suddenly recover on Tuesday?

Cupid shares recovered due to short covering and renewed investor confidence in the company's long-term fundamentals after a recent correction.

What clarification did Cupid issue regarding its share price?

Cupid clarified to stock exchanges that it was unaware of any undisclosed material events that could explain the unusual share price movement.

What is Cupid's current business outlook?

Cupid's Q3 FY26 update shows an all-time high order book, progress in expansion, and strong global traction, leading to an optimistic revenue and profit outlook.

Home / Business and Economy / Cupid Shares Soar After Steep Correction

Cupid Shares Soar After Steep Correction

6 Jan

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Summary

Cupid shares staged a strong recovery, gaining up to 11% after a sharp correction.
The rebound is attributed to short covering and renewed investor confidence.
The company confirmed no undisclosed material events influenced the share price.

Cupid Shares Soar After Steep Correction

Cupid shares demonstrated a robust recovery, surging 11% to an intraday high of Rs 433 on Tuesday, following a nearly 25% decline over the preceding two trading sessions. This rebound appears to be driven by short covering and a resurgence of investor confidence in the company's underlying long-term value.

Earlier, on January 2, the stock had dropped approximately 20%, prompting Cupid Limited to issue a clarification to stock exchanges. The company stated it was unaware of any undisclosed material events or developments that could account for the unusual trading activity, assuring that operations were proceeding normally and management remained focused on strategy.

Further bolstering the recent upturn, Cupid's Q3 FY26 business update revealed a strong order book reaching an all-time high, promising healthy revenue visibility. The company also reported progress in capacity expansion and sustained global market traction, reinforcing its optimistic outlook and commitment to long-term value creation.