Cupid's Stock Reaches New High Amid Broader Market Challenges, Signaling Resilience
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. 154.65. This milestone was achieved during a day when the broader market faced challenges, with the Sensex declining by 225.17 points to 81,840.59. Despite the overall market downturn, Cupid's stock outperformed its sector by 1.42%, showcasing its resilience.Over the past two days, Cupid has demonstrated a positive trend, gaining 1.33% in returns. The stock's performance is further underscored by its trading position, as it remains above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.
In terms of annual performance, Cupid has shown remarkable growth, with a 78.30% increase over the past year, significantly outpacing the Sensex's modest 2.20% rise. The stock's 52-week low stands at Rs. 50, highlighting its substantial recovery and current momentum in the market.
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