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CUPID Stock Hits All-Time High on Index Inclusion
9 Oct
Summary
- CUPID shares reached ₹354.50, a new all-time high.
- Stock's inclusion in Nifty Smallcap 250 drove inflows.
- FY27 guidance raised twice, targeting ₹800cr revenue.
CUPID Limited experienced a significant surge in its share price, reaching ₹354.50 and setting a new all-time high. This impressive climb was accompanied by a notable increase in trading volume, reflecting strong investor interest.
The company's recent inclusion in the Nifty Smallcap 250 index, effective September 30, 2026, played a crucial role in driving the stock's upward momentum. This strategic inclusion is estimated to have generated approximately $10 million in passive fund inflows.
Further contributing to the positive market sentiment are CUPID's continuously upgraded financial forecasts. The company has revised its FY27 guidance twice, now anticipating revenues to surpass ₹800 crore and net profits to exceed ₹250 crore.
These optimistic projections are supported by robust Q1 FY27 results, which showed a substantial year-on-year increase in both net profit (194%) and revenue (159%). CUPID also anticipates strong performance in Q2 FY27, with projected revenues exceeding ₹200 crore.
The company's positive outlook is attributed to strong domestic FMCG sales, advancements in new manufacturing facilities, and growing international demand for its healthcare products. Despite some analysts warning of stretched valuations, CUPID's fundamental strength continues to attract buyers.
