Cupid: Second Promoter Purchase in Two Weeks

Cupid Limited's promoter Aditya Kumar Halwasiya bought 8,60,688 shares on 1 September 2026, taking his stake to 33.69% and promoter holding to 46.64%, per the SAST filing. It follows 13.96 lakh shares bought on 17 August; the two buys total about 22.6 lakh shares, near Rs 63 crore. Since the 18 August post: Shares eased from Rs 284 to Rs 275.05 at the 1 September close; the session low of Rs 266.50 was the lowest since 17 August Two-week range Rs 266.50 to Rs 291.90; the Rs 299 high not retested Delivery volumes thinned from 1.4 crore shares on 18 August to 45 to 66 lakh Price sits on the 20-day average near Rs 276; 50-day near Rs 235 Still on the ASM list; trailing P/E near 270 on TTM profit near Rs 137 crore Q1 FY27: revenue Rs 154.72 crore, up 159%; net profit Rs 44.14 crore, up 194%; FY27 guidance Rs 725 to 750 crore revenue, Rs 210 to 225 crore profit. Cupid [][***** shares closed at Rs 275.05 on 1 September 2026, 8 percent under the 52-week high; market cap near Rs 37,000 crore. My view: the promoter buying the dip is the strongest signal on this counter, and it does not change the arithmetic. At 270x trailing and near 170x on FY27 guidance, the price still assumes years of flawless delivery; the 20-day test on thinning delivery says momentum buyers are done and holders are being tested. The 18 August stance stands: trade, not investment. Levels: Rs 266.50, the 1 September low, is the line; below it the 50-day near Rs 235 and the July breakout zone near Rs 220; Rs 292 to 299 is the band to clear. The Q2 print against guidance is the next fundamental test. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.