Shares of Cupid Limited surged sharply in early trade on Monday, March 9, with the stock jumping more than 12% as strong buying interest and heavy volumes lifted the counter on the exchanges.
As of 9:50 AM IST, Cupid shares were trading near the day’s high after opening at ₹82.00 compared with the previous close of ₹80.45. The stock touched an intraday high of ₹92.90, while the day’s low stood at ₹81.90, reflecting strong upward momentum during the morning session.
Trading activity in the stock remained exceptionally high. Live volume crossed 1.57 crore shares, indicating aggressive participation from market participants and short-term traders. Such elevated volumes often signal heightened investor interest or momentum-driven buying in the counter.
Despite today’s rally, the stock remains far below its 52-week high of ₹526.95, while the 52-week low stands at ₹55.75.
Cupid Limited, known for manufacturing male and female condoms and other personal healthcare products, has historically seen bouts of high volatility in its share price, often driven by news flow, order announcements, and speculative activity.