Stock Splitting In April, 1:1 Bonus Reward: FII-Backed Small Cap Offered Eye-Popping Returns To Shareholders

Small cap company operating in Hospitals & Allied Services sector, Cupid Ltd shares hit upper circuit on March 23, 2024 to settle at Rs 2136.45 per share. The stock is set to get affordable next month as the company has decided to split the face value of shares from Rs 10 to Re 1. The shareholders will also be eligible to receive 1 bonus share for every one share held as on the record date that is April 4, 2024.

The company issued the record date on March 21. Cupid shares gave return of 82% year-to-date and offered eye-popping returns of 446% in last 6-months. More details pertaining to Cupid Ltd shares below:

Cupid Ltd Shares Performance & Return: The stock witnessed a rally of 17.98% after its last corporate action wherein it recommended 1:1 bonus share and 1:10 stock split. The stock was priced Rs 1810.85 on January 23, 2024 when the company announced bonus share and stock split and yesterday's price was Rs 2136.45, implying a return of 17.98%. 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 per share. The stock has zoomed by a whopping 1103.99% from its 52-week low price. Cupid shares gave return of 777% in last 1-year, soared 870% in last 3-years, and surged 1389% in last 5-years.

Cupid Ltd Gives Out 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.

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.

Disclaimer: 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.