The Aditya Kumar Halwasia-promoted company hit a 52-week high of Rs 526.95 on Thursday.
Halwasia is an Indian investor with stake in Tourism Finance Corporation of India Ltd (TFCIL) is also the Chairman and Managing Director of Cupid. He recently bought 38 lakh shares in The Karnataka Bank for Rs 71 crore.
The multibagger stock has been in a strong rally, delivering returns of 452% over a 1-year period. With its momentum indicators RSI and MFI showing the stock in strongly overbought zone, a pullback looked imminent.
While RSI is hovering around 93, the day’s MFI showed a level of 100, according to a Trendlyne data. A number above 70 is considered to be overbought for a give stock.
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Cupid shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of 348 and Rs 186.3.
The company reported a consolidated net profit of Rs 24 crore in the quarter ended September 30, 2025. The bottom line jumped 140% over the profit after tax (PAT) of Rs 10 crore reported in the corresponding quarter of the last financial year. The total revenue in the quarter under review stood at Rs 90 crore, which is growth of 91% YoY compared to Rs 47.3 crore in the year ago period.
Cupid is a manufacturer and supplier of male and female condoms, water-based lubricant jelly & IVD Kits. Incorporated as a public limited company in 1993, it made its market debut in 1995 on the BSE while getting listed on the NSE in 2016.
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