Cupid shares fall 20% on profit booking, end 13-session unbeaten rally

Shares of contraceptive manufacturing company Cupid tumbled 20% on Friday, after 13 days of unstoppable gains on the NSE amid profit booking at Rs. 419.95 touched the day’s low with the stock jumping 34%. The price action was accompanied by strong volume as over 2 crore shares changed hands on the exchange.

The Aditya Kumar Halvasia promoted company on Thursday raised Rs. A 52-week high of 526.95 was reached.

Halvasia is an Indian investor with a stake in Tourism Finance Corporation of India Limited (TFCIL) and is also the Chairman and Managing Director of Cupid. He recently bought 38 lakh shares in Karnataka Bank for Rs 71 crore.

Multibagger stock is in strong bullish territory, returning 452% over a 1-year period. With its momentum indicators RSI and MFI showing the stock firmly in the overbought zone, a pullback looked imminent.

While the RSI hovered around 93, the intraday MFI showed a level of 100, according to a Trendlyne data. A number above 70 is considered overbought for a given stock.

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Cupid shares are currently trading at their 50-day and 200-day simple moving averages (SMA) of 348 and Rs. Trading above 186.3.

For the quarter ended September 30, 2025, the company posted Rs. 24 crores was reported as a consolidated net profit. As reported in the same quarter of the previous financial year, Rs. 10 crore profit after tax (PAT) increased the bottom line by 140%. During the quarter under review, the total revenue was Rs. 90 crore, which in the previous year period was Rs. 47.3 crore showing a year-on-year growth of 91%.

Cupid is a manufacturer and supplier of male and female condoms, water-based lubricant jellies and IVD kits. Incorporated in 1993 as a public limited company, it made its market debut on BSE in 1995, listing on NSE in 2016.

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