Cupid Breweries & Distilleries Achieves 11-Day Winning Streak with 30.68% Price Surge

Cupid Breweries & Distilleries Ltd is currently witnessing significant buying activity, with the stock gaining 4.99% today, outperforming the Sensex, which rose by only 0.25%. Over the past week, Cupid Breweries has shown a remarkable increase of 16.97%, compared to the Sensex's 2.14%. This trend of consecutive gains has persisted for 11 days, during which the stock has appreciated by 30.68%.
The stock opened today with a gap up at Rs 105.2 and reached an intraday high of Rs 105.2, maintaining this price throughout the trading session. In terms of moving averages, the stock is currently above the 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Despite a challenging three-year performance, where the stock has not shown any gains, its year-to-date performance stands at an impressive 62.57%, significantly outpacing the Sensex's 7.26%. Factors contributing to the current buying pressure may include positive market sentiment and recent developments within the beverage industry, which could be driving investor interest in this microcap stock.