Cupid Shares Rally 9%, Extending Two-Day Surge to 26% Amid Q3 Optimism

Shares of

d, India's prominent condom manufacturer, surged 9% in intraday trading on Tuesday, climbing to Rs 433 per share and pushing two-day gains to an impressive 26%. This rebound follows a sharp 36% drop over the previous two sessions, driven by renewed investor interest after the company's upbeat Q3 business update. The stock's recovery began post-market on January 2, when Cupid released its quarterly outlook, projecting Q3FY26 as its strongest quarter on record with an all-time high order book. Analysts attribute the initial decline on January 2 and 5 to profit-taking and the company's placement under the Additional Surveillance Measure (ASM) framework by exchanges, which often triggers volatility. By 11:30 am, Cupid shares were holding firm at Rs 424.45, up 9% for the day. This performance caps a remarkable 12-month run, with the stock delivering a staggering 432% return to investors. Market experts suggest the robust order book signals strong demand in both domestic and export markets, potentially fueled by global health initiatives and consumer trends. As trading continues, eyes remain on Cupid's full Q3 results for further catalysts that could sustain the momentum.