Multibagger inventory! Cupid shares bounce 4%, soar 238% in 2026. What’s driving the rally?
Although the inventory pared some positive aspects from the day’s excessive, shopping for curiosity remained agency. At the final rely, Cupid shares had been buying and selling at Rs 355.75 apiece on the NSE, up 3.43% from the earlier shut of Rs 343.95. The inventory traded in a variety of Rs 344 to Rs 356.90 throughout Thursday’s session.
Cupid shares have delivered a pointy rally in 2026 regardless of weak point within the broader market. The inventory has gained 238.78% year-to-date, in contrast with a 14% decline within the Nifty 50 over the identical interval, in keeping with NSE information.
What’s behind Cupid’s rally?
Cupid, in an alternate submitting on September 30, stated that it continues to witness sturdy commerce momentum in FY27, with Q2 FY27 whole earnings anticipated to cross Rs 200 crore.
Driven by sustained momentum throughout its key commerce verticals and improved visibility throughout home and global financial hubs, the corporate revised its FY27 earnings steerage to Rs 800 crore-plus and web revenue steerage to Rs 250 crore-plus.
“The FY27 outlook has been revised upward,” the corporate stated, citing sturdy Q2 FY27 commerce momentum anticipated to proceed via Q3 and This fall FY27, improved visibility throughout institutional and personal financial hubs, continued growth of its home FMCG commerce, progress in the direction of the operationalisation of the Palava facility, and sustained progress throughout its healthcare and private care portfolio.
Q2 FY27 operational highlights
Cupid authorised the conversion of as much as 30 lakh warrants of Baazar Style Retail Limited into an equal variety of fairness shares at Rs 328.25 per share.The firm obtained in-principle approval for a producing enterprise in South Africa. The proposed facility goals to help native manufacturing and create a platform for growth throughout Africa and global financial hubs.
The South African manufacturing initiative will observe an asset-light mannequin, combining Cupid’s manufacturing experience with help from an area accomplice to create a platform for institutional procurement and wider African market growth.
Cupid strengthened its strategic healthcare partnership with GII Healthcare Investment Limited via a further $5 million follow-on capital allocation.
The firm continues to broaden its healthcare and private care platform, with a rising FMCG portfolio and manufacturing capabilities supporting its global B2B healthcare and home shopper companies.
The firm was included in BSE Group ‘A’, the NIFTY Small Cap 250 and the FTSE Emerging Markets All Cap Index, whereas persevering with to give attention to governance, compliance and execution.
About Cupid
Established in 1993, Cupid Ltd is engaged within the manufacturing and advertising of female and male condoms, water-based private lubricants, IVD kits and a rising portfolio of shopper healthcare and FMCG merchandise.
The firm operates with a give attention to public well being and high quality and maintains commerce practices aligned with global requirements.
Disclosure: This article has been written by Kumar Gaurav, who shouldn’t be a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as outlined below Section 2(77) of the Companies Act, 2013) don’t maintain any monetary curiosity within the corporations talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Economic Times Digital or the journalist. Readers are suggested to contemplate the unique analysis report and make their capital allocation choices based mostly on their very own evaluation. Brokerage disclaimers here
