Cupid share price: Big rally meets sharp correction as profit booking hits the stock | Image With Live Mint
Cupid Limited has been one of the most talked-about small-cap stocks in recent months. The company makes male and female condoms, lubricants and IVD kits, and its share price delivered over 550 to 600 percent returns in 2025.
The stock moved from nearly ₹76-₹78 at the end of 2024 to a new 52-week high of ₹526.95 in early January 2026. Strong earnings, expansion plans and promoter pledge reduction helped fuel the rally. But on January 2, 2026, the stock hit the 20 percent lower circuit at ₹419.95, stopping a long winning streak and shocking many retail investors.
Also Read: Vijay Kedia Takes Fresh Stake In Beaten Down Mangalam Drugs Stock
Cupid’s sharp rally did not come from hype alone. The company posted very strong quarterly results. In Q2 FY26, the net profit jumped 140 percent year on year to ₹24 crore with revenue up 91 percent. The company also reduced promoter pledge from 36 percent to 20 percent, which improved investor confidence.
Cupid expanded capacity and also approved a new FMCG manufacturing facility in Saudi Arabia. This move aims to target the GCC region, improve supply reach and support growth in personal care products like petroleum jelly. The company expects FY26 revenue of around ₹335 crore and PAT near ₹100 crore, which management believes can be beaten.
The strong numbers, global expansion story and rising investor interest helped the stock deliver multibagger returns.
On January 2, 2026, the stock crashed 20 percent to ₹419.95, triggering the lower circuit. Over 20 million shares traded, which is far higher than normal volumes. This fall also came while the stock remained under Long-term ASM Stage 1, which means 100 percent margin requirement applies to limit volatility.
Analysts and traders pointed out that there was no negative news. Instead, the fall looked like profit booking after a very sharp rally. The valuation had reached TTM PE of roughly 182 to 200 times and P/B of nearly 35 to 37 times, which many investors saw as expensive compared to TTM sales of ₹267 crore and PAT of ₹62 crore.
Recent discussions on X show a clear mood change.
Many traders said the stock had become overstretched after a 600 percent rally, so profit booking was expected. One trader wrote that valuations had gone too far and the market simply said enough is enough.
Others expressed shock at how fast the fall happened. Some users linked it to very high valuation levels and warned small investors to stay alert. A few users even spoke about possible manipulation, though there is no official sign of that.
At the same time, some investors believe this is only a healthy correction after a long rally. A few remain positive about the fundamentals and growth plans, especially with Saudi expansion and FMCG growth.
Search trends also show rising interest in Cupid crash, Cupid multibagger and Cupid valuation. The stock has clearly captured public attention.
Cupid is still seen as a strong long-term wealth creator. Many posts highlight that the stock has given thousands of percent returns over multiple years. But current valuation remains high compared to earnings.
The company’s market cap is around ₹11,274 crore, which looks expensive for its present revenue base. This gap between valuation and earnings is one reason traders expect volatility to continue.
This list shows why some investors see the stock as priced for perfection.
Experts say that profit booking after a strong rally is normal. Stocks that rise very fast often face sharp corrections when traders lock in gains.
The ASM framework may also slow trading activity because of the 100 percent margin requirement. This could reduce speculative positions for some time.
Some analysts see ₹370 to ₹400 as an important support area. Many advise avoiding aggressive new buying until the stock stabilises. Long-term investors are watching whether earnings growth continues and whether FMCG expansion scales up as expected.
Retail investors who entered late in the rally are feeling the pain. Many are still hopeful for a rebound. Experienced traders remain more cautious and expect sideways movement or further corrections if the price breaks key levels.
Cupid’s fundamentals remain stable. The business continues expanding. But valuation risk remains high.
Cupid’s story shows how quickly market mood can change. In 2025 it was a hero multibagger. In early 2026 it suddenly turned into a volatile trade. Growth remains real. So does the risk from stretched valuation.
Investors now appear more careful. The focus is moving from hype to numbers.
If the company continues to deliver strong earnings, confidence may return. If not, the stock may stay under pressure. For now, the market is watching every move very closely.
Tags: cupid share price, cupid crash, multibagger stock, asm framework, stock market India, cupid valuation
Share This Post