Cupid Ltd Sees Surge in Trading Activity Amid Declining Investor Participation

Cupid Ltd, a small-cap player in the FMCG sector, has emerged as one of the most active equities today, with a total traded volume of 14,969,999 shares and a total traded value of approximately Rs 215.24 lakhs. The stock opened at Rs 134.89 and reached a notable intraday high of Rs 147, marking a new 52-week high, before settling at a last traded price of Rs 146.44.
In terms of performance, Cupid has outperformed its sector by 7.36%, reflecting a strong day with a 9.06% return. This follows a two-day consecutive gain, during which the stock has risen by 10.85%. Notably, Cupid is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement.

However, there has been a decline in investor participation, with delivery volume dropping by 50.5% compared to the 5-day average. Despite this, the stock remains liquid enough for trades, with a liquidity level based on 2% of the 5-day average traded value sufficient for a trade size of Rs 2.87 crore. Overall, Cupid Ltd's performance today highlights its active market presence and recent upward momentum.