1:1 bonus share & 10:1 stock split: Heavy buying witnessed in this multibagger small-cap stock & FIIs bought 2,20,000 shares!
The shares of the company gave multibagger returns of over 850 per cent from its 52-week low of Rs 235.30 per share.
Today, one of the Top Gainers on BSE, shares of Cupid Limited were locked in a 5 per cent upper circuit to Rs 2,243.25 per share from its previous closing of Rs 2,136.45. The stock’s 52-week high is Rs 2,833 and its 52-week low is Rs 235.30. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.
The Board of Directors of the company announced bonus shares in the ratio 1:1 i.e., 1 bonus equity share of the face value of Rs 1 each fully paid up for every 1 existing equity share of the face value of Rs 1 each fully paid up. And face value of Rs 10 to Rs 1 stock split i.e., sub-division of 1 equity share of the face value of Rs 10 each fully paid-up into 10 equity shares of the face value of Rs 1 each fully paid-up. The Board did not fix the record date for bonus shares and stock split.
Additionally, Cupid Limited has secured a significant Rs 16.23 crore order for male condoms from the Government of India's Central Medical Services Society (CMSS), demonstrating its commitment to supporting national healthcare initiatives. This follows CMSS's establishment as a central procurement agency to streamline drug distribution, and the order comprises two parts: Rs 9.65 crore and Rs 6.58 crore, to be fulfilled by April 2024.
Furthermore, Minerva Ventures Fund, a Foreign Institutional Investor (FII) based in Mountain View, California bought 2,20,000 shares of the company via 3 bulk deals on NSE as of January 2024.
Incorporated in 1993, Cupid Ltd has a market cap of over Rs 3,000 crore and has been maintaining a healthy dividend payout of 25.5 per cent. The company is engaged in the business of dealing, marketing, and manufacturing rubber contraceptives and allied prophylactic products. The company reported positive numbers in its Quarterly Results (Q3FY24) and nine-month results (9MFY24).
The stock has an ROE of 21 per cent and an ROCE of 27 per cent. The shares of the company gave multibagger returns of over 850 per cent from its 52-week low of Rs 235.30 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Related articles
-
FII bought 75,000 shares of this multibagger stock; Board is likely to announce bonus shares & stock split and company bags new orders worth Rs 16.23 crore from CMSS!
-
9:5 bonus shares and stock split from Rs 10 to Rs 5 to Rs 1: Multibagger small-cap stock with 98.85 per cent public ownership hit 5 per cent upper circuit on March 26
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
Double treat with 1:1 bonus share & 10:1 stock split: Heavy buying in this multibagger stock; hit non-stop 125 consecutive upper circuits – Record date inside!
-
7,000 per cent multibagger returns; Board likely to announce bonus shares & stock split!
-
Bonus shares & stock split: Heavy buying in this multibagger micro-cap stock, hitting 10 consecutive upper circuits and 52-week highs!
-
2,180 per cent multibagger returns in this micro-cap stock; Board announces bonus shares & stock split!
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
10,400 per cent multibagger returns: Board likely to announce bonus shares & stock split; Mukul Agrawal and Madhusudhan Kela collectively bought 50,000 shares!
-
1,600 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!
-
Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 75 hit back-to-back upper circuits: Board announces bonus shares & stock split; PAT zooms over 2,500 per cent!
-
795 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!
-
Multibagger penny stock under Rs 60 with 4,000 per cent returns: Board announced bonus shares & stock split; scrip hit upper circuit!
-
Multibagger from its 52-week low; Board announces bonus shares & stock split for the first time ever!
-
1,000 per cent returns in this multibagger stock: Board announced bonus shares and stock split; hit back-to-back upper circuits & 52-week highs!
-
900 per cent returns in this multibagger stock under Rs 100: Board announces bonus shares and stock split; hit 10 per cent upper circuit!
-
9,000 per cent returns: This multibagger micro-cap stock to trade ex-bonus and ex-split tomorrow; hits upper circuit & 52-week high!
-
Multibagger in just 6 months; Board likely to announce bonus shares and stock split!
-
Bonus Share & Stock Split: This small-cap multibagger stock hits 20 per cent upper circuit as stock trades ex-bonus and ex-split today!