Cupid Breweries Experiences Nine-Day Surge, Outperforming Sensex Amid Positive Market Sentiment

Cupid Breweries & Distilleries Ltd is currently witnessing significant buying activity, marking a notable performance in the beverages sector. The stock has shown consecutive gains for the past nine days, accumulating a total return of 18.55% during this period. Today, it opened with a gap up of 2%, reaching an intraday high of Rs 95.43, reflecting a 2% increase.
In terms of performance relative to the Sensex, Cupid Breweries has outperformed the index today, with a gain of 2.00% compared to the Sensex's 0.24%. Over the past week, the stock has surged by 10.37%, while the Sensex has only increased by 1.88%. However, the stock's performance over the longer term shows mixed results, with a decline of 22.92% over the past three months, contrasting with the Sensex's gain of 8.18%.

Factors contributing to the current buying pressure may include recent positive sentiment in the microcap segment and potential market dynamics favoring beverage stocks. The stock is currently trading above its 5-day, 20-day, and 200-day moving averages, indicating a short-term bullish trend, although it remains below its 50-day and 100-day moving averages.