Cupid Ltd Hits New 52-Week Low Amid Broader Sector Challenges and Declining Performance
Cupid Ltd, a small-cap rubber products company, recently hit a 52-week low of Rs. 70.6, marking a significant downturn with a 9.36% drop over two days. The stock is trading below all major moving averages, reflecting a bearish trend amid broader sector challenges and a year-long decline of 15.31%.
Cupid Ltd, a small-cap player in the rubber products industry, has recently reached a new 52-week low, hitting Rs. 70.6 on January 13, 2025. This decline marks a significant downturn for the stock, which has seen a consecutive fall over the past two days, resulting in a total drop of 9.36% during this period. On the day of the new low, Cupid's stock touched an intraday low of Rs. 70.6, reflecting a decrease of 3.91%.In terms of moving averages, Cupid is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The broader rubber products sector has also faced challenges, with a decline of 4.21%. Over the past year, Cupid Ltd's performance has been notably negative, with a decrease of 15.31%, contrasting sharply with the Sensex, which has seen a gain of 5.76%. These trends highlight the ongoing struggles within the company and the sector.
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