CUPID Sees Second Consecutive Day of Strong Gains, Extending Year-Long Rally

Cupid Share Price Rises 3% to ₹80.95 Amid Development Program Announcement

Market Capitalization: ₹10,622 Crore

On Tuesday, March 17, Cupid shares continued their upward trend, surging 3% to a high of ₹80.95 apiece. This marks the second consecutive day of gains for the small-cap stock.

Development Program Announcement

Cupid has announced the commencement of its development program for a nitrile (NBR) female contraceptive. The company aims to enter the currently single-supplier global nitrile female contraceptive market, which is estimated to be valued at approximately USD 770 million in 2024 and projected to exceed USD 1.2 billion by 2030.

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Strategic Branding Alignment

The company has also announced a strategic branding alignment centered on the proposition "Made in India" with "Japanese Quality", reinforcing its commitment to combining India's strong manufacturing capabilities with globally recognised standards of precision, reliability, and product excellence.

Market Opportunity

Cupid's entry into the nitrile female contraceptive segment represents a significant strategic opportunity, driven by several compelling factors, including supply diversification, a premium product segment, and technical and regulatory barriers to entry.

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Share Price Trend

Cupid shares have staged a stellar rebound in April 2025 with a surge of 25%. The momentum further strengthened over the following eight months, resulting in a massive gain of 600%. However, profit booking dragged the stock lower by 22.60% in January, while in the following month it delivered a muted return of 1.5%. Nevertheless, the strong nine-month rally helped the stock gain 525% over the past year and a massive 3,168% over three years.

Trading Status

Cupid shares have been trading ex-bonus in the ratio of 4:1 since March 9, 2026.