Cupid's Stock Reaches New High Amid Broader Market Decline, Highlighting FMCG Resilience
Cupid, a small-cap player in the FMCG sector, has made headlines today as its stock price reached a new 52-week high of Rs. 218. This milestone comes after a notable performance over the past two days, during which the stock has gained 4.83%. Cupid's current trading position is robust, as it is consistently above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.In the broader market context, the Sensex opened lower today at 82,151.07, reflecting a loss of 475.16 points (-0.58%), and is currently trading at 82,537.28, down 0.11%. Despite this dip, the Sensex remains close to its own 52-week high, just 4.17% away from the peak of 85,978.25. Notably, Cupid's one-year performance stands out with a remarkable increase of 152.73%, contrasting sharply with the Sensex's decline of 2.37% over the same period. This performance underscores Cupid's strong market position within the FMCG industry.
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