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Cupid Stock Soars: From Pennies to Riches
12 Jul
Summary
- Cupid stock surged from ₹2.43 to ₹213 per share.
- The company projects FY27 revenue above ₹660 crore.
- Investors saw an 871.62% return in the past year.
Cupid's share price has experienced an extraordinary surge, climbing from an initial ₹2.43 in July 2021 to ₹213 on the NSE. This remarkable performance has positioned it as a multibagger penny stock, consistently outperforming market sentiments. Over the past week, it returned 7%, with a 41.43% gain in the last month. Year-to-date, the stock has appreciated by 103%, and an astonishing 871.62% over the past year.
Looking at longer horizons, Cupid shares have climbed over 8,522% in three years and 8,664.61% in five years. An investment of ₹1 lakh a year ago would now be worth ₹8.4 lakh. The company has raised its FY27 revenue forecast to exceed ₹660 crore, an upward revision of at least 10%, citing a diversified business model and global pipeline growth.
Furthermore, Cupid is making consistent strides in its In Vitro Diagnostics (IVD) business. While management is cautious about short-term growth, they anticipate the IVD segment becoming a significant driver in the future, supported by regulatory approvals and new product launches.
