Cupid Breweries surges on executing agreement with Bansal Udyog
Cupid Breweries and Distilleries is currently trading at Rs. 26.40, up by 0.77 points or 3.00% from its previous closing of Rs. 25.63 on the BSE.
The scrip opened at Rs. 26.75 and has touched a high and low of Rs. 26.75 and Rs. 25.10 respectively. So far 20437 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 140.00 on 17-Mar-2025 and a 52 week low of Rs. 24.31 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 28.40 and Rs. 24.31 respectively. The current market cap of the company is Rs. 241.15 crore.
The promoters holding in the company stood at 50.08%, while non-institutions held 49.92% stake in the company.
Cupid Breweries and Distilleries has executed an agreement with Bansal Udyog. Through this arrangement, the Company is further expanding its presence in the State of West Bengal, which is one of the largest markets in India for consumption of alco-beverage products. The arrangement will enable the Company to undertake seed marketing / test marketing activities in the region, allowing the Company to generate revenue while gaining insights into consumer demand patterns, market trends and distribution dynamics in the State. This initiative is expected to enhance the Company’s market reach and support its broader strategy of expanding its presence in high-consumption markets within the alcoholic beverages industry.
This strategic initiative is expected to expand the Company’s market reach and strengthen its presence in the region, while enabling it to build relationships within the local distribution ecosystem and better understand consumer preferences.
This initiative will support its growth strategy and contribute towards building a scalable and sustainable revenue generation model in the West Bengal market, aligned with its broader expansion plans in the alcoholic beverages industry.
