1. Cupid Ltd. is a small-cap company in the FMCG industry with a market valuation of Rs 2,866.63 Cr.
2. The company was founded in 1993 and is a top producer and seller of male and female condoms, water-based lubricant jelly, and IVD kits.
3. Cupid Limited was listed on the BSE in 1995 and the NSE in 2016.
4. The company announced a record date for a 1:1 bonus share and 1:10 stock split, causing the stock price to settle at Rs 2136.45 per share.
5. The Board of Directors fixed Thursday, 4th April 2024, as the record date for the bonus shares and stock split.
6. Cupid's revenue from operations on a stand-alone basis dipped 4.1% YoY to Rs. 40.05 crore in the December 2023 quarter.
7. The company's net profit for Q3FY24 was Rs. 8.86 crore, falling 11.66% from the same period in the previous year.
8. Cupid is bullish on the Daily charts with a target price of 2670 in the near term, with strong support at 2007 and a resistance level at 2219.