In a significant development, a leading contraceptive manufacturing company witnessed a substantial surge as a Mauritius based Foreign institutional investor (FII) bought shares of this contraceptive manufacturing company, Cupid Ltd, hitting 5 per cent upper circuit, reaching ₹1,252.80 per share. This stock has been on a phenomenal rise, skyrocketing from 52 week low ₹235.30 to 432 per cent on March 29, 2023.
The outstanding performance of the share in the stock market has not gone unnoticed, the cupid share is under the watch of the investors and has caught eyes of many market experts signaling promising prospects for the future.
Cupid Ltd.’s total investment raised to ₹8.9 crore after 75,000 shares at ₹1,193.15 per share of the firm were bought by Minerva Ventures Fund. Over the past year, this stock has showcased extraordinary performance by providing best returns to its investors, giving a remarkable rise of more than 354.50 per cent over time. Initiating from ₹275.60 in January 2023 to approximately ₹1,252.80 at present, the stock has surged.
As the stock surges the question of momentum of market performance sustains, with these investors and stakeholders waiting for the further dynamic landscape of the cupid ltd in the stock market. With the Mauritius-based FII investing in the firm, it gives confidence to the investors to trust the stock and the market sees better investment opportunities in the stock.