Cupid shares surge 10% today on heavy volumes, double this year, nearly 20% up in a week — Know more
Shares of Cupid Ltd soared as much as 10% during Thursday's session to ₹146.04, extending its sharp rally this year. The stock, which is already up over 100% in 2025 so far, has gained nearly 20% in just the past week, supported by heavy volumes and strong investor sentiment.
At around 10:10 AM, the stock was trading at ₹146, up 9.26% from its previous close of ₹133.66 on the NSE. The stock also touched a new 52-week high of ₹147 in early trade. What's driving the rally?
Recently, Cupid Limited announced its first strategic investment in the Middle East healthcare sector, marking a milestone in its global expansion plans. The company invested in GII Healthcare Investment Limited, managed by Gulf Islamic Investments (GII), which oversees over $3.5 billion in assets and has a presence across Saudi Arabia, UAE, Europe, USA, and India.
This healthcare investment vehicle holds a significant minority stake in a leading Saudi Arabian healthcare provider. Through this move, Cupid aims to tap into high-growth healthcare and wellness markets globally, aligning with its strategy of promoting preventive healthcare and expanding internationally.
Cupid manufactures a wide range of health and personal care products, including hygiene items, diagnostic kits, fragrances, and other FMCG products. Management reiterated that this investment aligns with its long-term business strategy while remaining committed to shareholders' interests and responsible growth. Stock performance Today: +9.26% at ₹146.04
1 Week: ~+20%
6 Months: ~+103%
Year-to-date (2025): more than doubled
Investors appear upbeat on the company's prospects in new markets and its focus on healthcare, which has been reflected in the strong price action over recent months.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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