Cupid Breweries Experiences Strong Buying Activity, Achieves 24.47% Return Over Ten Days

Cupid Breweries & Distilleries Ltd is currently witnessing significant buying activity, with the stock gaining 5.00% today, contrasting sharply with the Sensex, which has declined by 0.16%. Over the past week, Cupid Breweries has shown a robust performance, rising 13.63%, while the Sensex managed only a 2.47% increase. Notably, the stock has been on a positive trajectory for the last 10 days, accumulating a total return of 24.47% during this period.
The stock opened with a gap up and reached an intraday high of Rs 100.2, reflecting strong buyer sentiment. In terms of moving averages, Cupid Breweries is performing above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Despite a challenging three-month performance, where the stock fell by 15.66% compared to the Sensex's 8.41% rise, Cupid Breweries has shown resilience year-to-date, boasting a 54.84% increase against the Sensex's 7.40%. This buying pressure may be attributed to various factors, including market positioning and recent developments within the company or industry.