1:10 Stock Split: 1:1 Bonus Issue: Small Cap Stock Jumps 579% In 1-Yr, FII Buys Stake

Small cap company operating in Hospitals & Allied Services sector, Cupid Ltd on Tuesday approved 1:1 bonus share and 1:10 Stock Split. Cupid Ltd shares witnessed a sharp rally of 252% in last 1-year and surged 579% in last 1-year.

The company has yet to fix the record date for bonus share and stock split. Check details below:

Cupid Ltd Recommends 1:1 Bonus Share: As per the BSE filing of the company dated January 23, 2024, "Bonus lssue of Equity Shares in the ratio of 1:1 i.e., 1 Equity Shares of Re 1 each for every 1 Equity Share of Re 1/- each held by the shareholders of the Company as on the Record Date (to be determined by the Board and will be intimated to the exchange), subject to the approval of regulatory / statutory authorities and the shareholders of the Company at the Extraordinary General Meeting."

Cupid Ltd Recommends Stock Split: The BSE filing further announced, "The Sub-Division/Split of Equity Shares of the Company from face value of Rs. 10/- each to Re 1/- each, subject to the approval of regulatory / statutory authorities and the shareholders of the Company at the Extraordinary General Meeting."

Cupid Ltd Shares Outlook & Return: The last trading price of Cupid Ltd shares on BSE is quoted at Rs 1810.85 apiece with intraday fall of 2.99% on Tuesday. The 52-week high price of Cupid shares on BSE is Rs 2034.45 apiece and 52-week low price is Rs 235.30 apiece, respectively. The company has a market capitalisation of Rs 2,415.31 crore. Cupid shares gained 502% in last 6-months, soared 730% in last 2-years, and offered return of 1253% in last 5-years. In last 10-years, Cupid stock zoomed by 19,329%.

US-Based FII Buys Stake: Recently, US based fund bought stake in Cupid Ltd. According to the bulk deal data available on NSE, US-based FII Minerva Ventures Fund acquired 75000 shares in the Cupid at an average price of Rs 1193.15. Minerva Ventures Fund reportedly bought 75,000 shares at the average price of Rs 1193.15 at the cost of Rs 8.94 crore.

About: Cupid Limited (A leading manufacturer & supplier of quality male condoms, female condoms, water based lubricant jelly & IVD Kits) was incorporated as a public limited company in 1993 with the Registrar of Companies, Maharashtra and listed on BSE (Bombay stock Exchange) in 1995 and on NSE (National stock Exchange) in 2016. Cupid Ltd has an active R&D center in addition to its main production facility. Cupid ltd works with healthcare professionals, governments and organizations to support them in promoting good sexual health and the importance of consistent condom use to prevent HIV and other STDs, according to its official website.

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