1:10 Stock Split: 1:1 Bonus Issue: Small Cap Stock Issues Record Date, Shares Rally 414% In 6-Months

Small cap company operating in Hospitals & Allied Services sector, Cupid Ltd on Thursday fixed April 4, 2024 as the record date for 1:1 bonus share and 1:10 stock split. Last trading price of Cupid Ltd share on BSE is Rs 2034.75 per share with intraday gain of 5.00%. Soon after fixing the record date for bonus share and stock split/sub-division of shares, Cupid shares hit upper circuit after two consecutive lower circuits on March 19 and March 20. Cupid shares BSE offered shareholders return of 414% in last 6-months and gave return of 734% in last 1-year.

Cupid Ltd Sets Record Date For 1:1 Bonus Share, 1:10 Stock Split: As per the regulatory filing of Cupid dated March 21, 2024, "ln terms of regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company has fixed the Thursday, 4ih Day of April, 2024, as the Record Date." Earlier, Cupid Ltd in its January 23 corporate action recommended 1:1 bonus share and 1:10 stock split implying shareholders will be eligible to receive 1 bonus share on April 4 and 1 stock will be split into 10 new stocks thus making it affordable.

Cupid Ltd Shares Outlook & Return: The 52-week high price of Cupid shares on BSE is Rs 2833.00 per share and 52-week low price is Rs 235.30 apiece, respectively. The company has a market capitalisation of Rs 2,730.18 crore. Cupid stock declined 17% in last 2-weeks, gave return of 127% in last 3-months, and offered return of 738% in last 2-years. In last 3-years, Cupid shares soared 1341%.

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. FII/FPI have increased holdings from 0.34% to 0.45% in Dec 2023 quarter and 0.5% in February. Number of FII/FPI investors rose from 4 to 5 in Dec 2023 quarter. Institutional Investors have increased holdings from 0.34% to 1.98% in Dec 2023 quarter. DII also increased holding in Cupid to 1.5% in February 2024.

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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The stock highlights the stock split/bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.