Cupid Stock Reaches New High, Signaling Potential Trend Reversal in FMCG Sector

Cupid, a small-cap player in the FMCG sector, has made headlines today by reaching a new 52-week high of Rs. 189.45, marking a significant milestone for the stock. This achievement comes after a period of three consecutive days of decline, indicating a potential trend reversal. The stock has outperformed its sector by 3.85%, showcasing its resilience in a competitive market.
Intraday trading revealed notable volatility, with Cupid hitting a high of Rs. 189.45, reflecting a gain of 7.95%, while the day’s low was recorded at Rs. 163.8, down by 6.67%. The stock's performance is further underscored by its position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a strong upward momentum.

In the broader market context, the Sensex opened positively, gaining 193.64 points and currently trading at 80,977.61. Despite trading below its 50-day moving average, the Sensex's 50 DMA remains above its 200 DMA, indicating a mixed market sentiment. Over the past year, Cupid has delivered an impressive return of 118.60%, contrasting sharply with the Sensex's slight decline of 0.25%.