Cupid Stock Hits 52-Week High Amid Broader Market Decline, Signaling Strong Recovery
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. 126.4, marking a significant milestone for the company. This achievement comes after a robust performance over the past three days, during which the stock has gained 12.27%. Notably, Cupid's performance today outpaced its sector by 1.22%, indicating strong relative strength in a challenging market environment.The stock's intraday high of Rs. 126.4 reflects a 6.8% increase, showcasing its upward momentum. Cupid is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price action.
In contrast, the broader market is experiencing a downturn, with the Sensex declining by 401.89 points to 82,135.98, a drop of 0.44%. Despite this, Cupid's one-year performance stands out, boasting a remarkable 38.47% increase compared to the Sensex's modest 2.02% gain. The stock's 52-week low was recorded at Rs. 50, highlighting its significant recovery over the past year.
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