Cupid's Stock Hits 52-Week Low Amid Broader Rubber Sector Challenges in October 2023

Feb 12 2025 10:35 AM IST
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Cupid, a small-cap rubber products company, has hit a new 52-week low amid significant volatility, underperforming its sector. The stock has declined consecutively over the past five days and is trading below multiple moving averages, reflecting ongoing challenges in a competitive market.
Cupid, a small-cap player in the rubber products industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 66.49. This decline marks a notable downturn, as the stock has underperformed its sector by 0.29%. Over the past five days, Cupid has seen a consecutive fall, with a total decline of 14.84% during this period.

Today's trading session saw Cupid touch an intraday low of Rs. 66.49, reflecting a decrease of 5.04%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.

In the broader context, the rubber products sector has also faced challenges, with an overall decline of 4.1%. Over the past year, Cupid's performance has been particularly weak, showing a decrease of 30.37%, contrasting sharply with the Sensex, which has gained 6.46% during the same timeframe. This performance highlights the ongoing struggles faced by Cupid in a competitive market environment.
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