Cupid's Stock Hits 52-Week High, Signaling Strong Recovery in FMCG Sector
Cupid, a small-cap FMCG company, has reached a new 52-week high of Rs. 174, reversing a recent decline. The stock's strong performance today outpaced its sector, and it is trading above multiple moving averages, indicating a positive trend. Over the past year, Cupid has seen substantial growth compared to the broader market.
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. 174, marking a significant milestone for the company. This surge comes after a brief period of decline, with the stock reversing its trend following two consecutive days of losses. Notably, Cupid's performance today outpaced its sector by 1.15%, indicating a robust recovery.The stock's intraday high of Rs. 174 reflects a gain of 4.41%, showcasing strong momentum. Cupid is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price action.
In the broader market context, the Sensex opened higher at 82,220.46, gaining 362.62 points (0.44%), and is currently trading at 82,143.63. The index is just 4.67% away from its own 52-week high of 85,978.25. Small-cap stocks are leading the market today, with the BSE Small Cap index up by 0.41%. Over the past year, Cupid has demonstrated impressive growth, with a performance increase of 95.17%, significantly outpacing the Sensex's 1.57% rise.
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