The rally has been even more impressive over a longer timeframe. In the past three months, Cupid’s share price has delivered multibagger returns, rising nearly 141% and more than doubling investor wealth during this period.
In a regulatory filing dated December 29, 2025, Cupid Ltd announced that its Board of Directors has granted in principle approval to establish a new FMCG manufacturing facility in the Kingdom of Saudi Arabia. This will be the company’s first manufacturing unit outside India, marking a major milestone in its global expansion plans.
The proposed plant is intended to support the company’s FMCG growth strategy and strengthen its footprint in overseas markets, starting with the Gulf Cooperation Council region. By setting up manufacturing closer to key international markets, Cupid aims to improve supply efficiency, reduce delivery timelines and enhance product availability across Saudi Arabia and other GCC countries. The project is expected to be funded through internal accruals, subject to detailed evaluation and necessary regulatory and statutory approvals.
Earlier, on December 23, 2025, the company disclosed a significant reduction in pledged shares by its promoter and promoter group. The pledged equity has been brought down from 36.13% as of September 30, 2025 to 20%, indicating improved financial strength and stronger promoter confidence in the company’s long term growth prospects. Lower promoter pledging is generally viewed positively by investors as it reduces balance sheet risk.
Valuation Snapshot
At prevailing market prices, Cupid Ltd is trading at rich valuation levels. The stock is currently valued at a price to earnings ratio of 221.52, a price to sales ratio of 9.27 and a price to book ratio of 39.92.
These elevated multiples indicate that the market has factored in strong growth expectations for the company, with investors willing to pay a significant premium for its future expansion prospects.
According to Trendlyne data, technically, Cupid continues to exhibit strong bullish momentum, though indicators suggest the rally may be stretched in the near term. The 14 day Relative Strength Index stands at 93, well above the 80 mark, which places the stock in a strongly overbought zone. Such elevated RSI levels often signal the possibility of a short term correction or consolidation.
Despite this, the broader trend remains positive. The stock is currently trading above all key short and long term moving averages, maintaining a bullish structure across all eight simple moving averages, which reinforces the underlying strength of the ongoing uptrend.
Overall, Cupid Ltd’s recent rally appears to be driven by a combination of strong price momentum, improving promoter confidence and strategic international expansion plans, though elevated valuations and overbought technical indicators suggest investors may remain cautious in the near term.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
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