Cupid zooms on bagging purchase order worth Rs 14.91 crore
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Cupid is currently trading at Rs. 79.62, up by 3.90 points or 5.15% from its previous closing of Rs. 75.72 on the BSE.
The scrip opened at Rs. 77.29 and has touched a high and low of Rs. 81.82 and Rs. 76.96 respectively. So far 28207 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 141.65 on 02-Mar-2024 and a 52 week low of Rs. 60.90 on 04-Jan-2024.
Last one week high and low of the scrip stood at Rs. 81.82 and Rs. 75.18 respectively. The current market cap of the company is Rs. 2167.34 crore.
The promoters holding in the company stood at 45.61%, while Institutions and Non-Institutions held 3.33% and 51.06% respectively.
Cupid has received a purchase order from Medical Stores Department, Government of Tanzania for supply of male condoms worth around Rs 14.91 crore. The order is to be executed between February, 2025 to April, 2025.
Earlier, the company had received purchase orders from United Nations Population Fund (UNFPA) for supply of male condoms and female condoms worth around Rs 18.20 crore.
Cupid manufactures and markets varieties of male and female condoms, water based lubricant, latex dental dams and probe covers. Cupid has a diverse product basket available in many countries worldwide.
