Stock under Rs 150 hits new 52-week high as company approves strategic investment
Stock of Cupid Ltd touched a new 52-week high on July 16, 2025 after the company shared details about the strategic investment. The scrip began trading at Rs 133.55 against the previous close of Rs 133.45 as stock market declined in early trade in line with a muted trend in global equities amid an uptick in US inflation. However, it gained momentum and touched a new 52-week high of Rs 130. This is a gain of 3.41 per cent from the closing price of the last trading session. The 52-week low of the scrip is Rs 50, which it touched on April 7, 2025. The company has a market cap of Rs 3,660.36 crore.
Stock has been on a winning streak for the last five days, demonstrating a remarkable rise of 26.12 per cent in the period. Technically, the stock is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages, indicating a strong upward trend.
The company has made a significant move by announcing a strategic investment in GII Healthcare Investment Limited, a healthcare-focused investment vehicle managed by Gulf Islamic Investments (GII).
According to BSE Analytics, the stock has given a multibagger return of 980 per cent in two years and 1,112 per cent in three years. The return offered by the stock on a year-to-date (YTD) basis is 78 per cent as against a 5 per cent gain in the benchmark index.
Meanwhile, Sensex and Nifty declined in early trade on Wednesday in-line with a muted trend in global equities amid an uptick in US inflation.
Tariff-related uncertainty also made investors to stay on the sidelines, experts said.
The 30-share BSE Sensex dropped 103.16 points to 82,467.75 in early trade. The 50-share NSE Nifty dipped 56.75 points to 25,139.05.
From the Sensex firms, Mahindra & Mahindra, Tata Motors, Tata Steel, Eternal, Bajaj Finance and Bajaj Finserv were among the major laggards.
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