Stock under Rs 150 hits new 52-week high as company approves strategic investment – Check details
GH News July 16, 2025 06:06 PM
Stock of Cupid Ltd touched a new 52-week high on July 16 2025 after the company shared details about the strategic investment. The scrip began trading at Rs 133.55 against the previous close of Rs 133.45 as stock market declined in early trade in line with a muted trend in global equities amid an uptick in US inflation. However it gained momentum and touched a new 52-week high of Rs 130. This is a gain of 3.41 per cent from the closing price of the last trading session. The 52-week low of the scrip is Rs 50 which it touched on April 7 2025. The company has a market cap of Rs 3660.36 crore. Stock has been on a winning streak for the last five days demonstrating a remarkable rise of 26.12 per cent in the period. Technically the stock is trading higher than the 5-day 20-day 50-day 100-day and 200-day moving averages indicating a strong upward trend. The company has made a significant move by announcing a strategic investment in GII Healthcare Investment Limited a healthcare-focused investment vehicle managed by Gulf Islamic Investments (GII). According to BSE Analytics the stock has given a multibagger return of 980 per cent in two years and 1112 per cent in three years. The return offered by the stock on a year-to-date (YTD) basis is 78 per cent as against a 5 per cent gain in the benchmark index. Meanwhile Sensex and Nifty declined in early trade on Wednesday in-line with a muted trend in global equities amid an uptick in US inflation. Tariff-related uncertainty also made investors to stay on the sidelines experts said. The 30-share BSE Sensex dropped 103.16 points to 82467.75 in early trade. The 50-share NSE Nifty dipped 56.75 points to 25139.05. From the Sensex firms Mahindra & Mahindra Tata Motors Tata Steel Eternal Bajaj Finance and Bajaj Finserv were among the major laggards.
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