Cupid hits record high; zooms nearly 50% post Q2 results
The stock hit a record high of Rs 367, surging nearly 50% from Rs 249 after reported an over two-fold jump in profit.
 "Cupid hits record high; zooms nearly 50% post Q2 results")
Shares of Cupid have surged 13% to Rs 365, extending its past two weeks rally on the BSE, after the company reported over two-fold jump in net profit at Rs 4.11 crore for the quarter ended September 2015 (Q2), on the back of strong operational income. The personal products maker had registered a profit of Rs 1.72 crore in the same quarter year ago.
Net sales of the company during the quarter jumped 53% to Rs 15.32 crore against Rs 10.03 crore in the corresponding quarter of previous fiscal.
For the six month period April-September, the company posted net profit of Rs 7.12 crore against Rs 3.61 crore in a year ago period. It had profit of Rs 7.71 crore in entire previous financial year 2014-15.
The stock hit a record high of Rs 367 in intra-day trade today and surged nearly 50% from Rs 249 post announcement of Q2 results on October 31, 2015.
Since June 24, it zoomed 350% from Rs 84 after the company received order worth $16.28 million (Rs 103.23 crore) to supply female condoms in Cupid brand to the National Department of Health (NDOH), South Africa. The S&P BSE Sensex has declined 7% during the same period.
Till 11:45 AM, around 138,000 shares changed hands on the counter against an average 62,000 shares that were traded daily in past two weeks on the BSE.
Net sales of the company during the quarter jumped 53% to Rs 15.32 crore against Rs 10.03 crore in the corresponding quarter of previous fiscal.
For the six month period April-September, the company posted net profit of Rs 7.12 crore against Rs 3.61 crore in a year ago period. It had profit of Rs 7.71 crore in entire previous financial year 2014-15.
The stock hit a record high of Rs 367 in intra-day trade today and surged nearly 50% from Rs 249 post announcement of Q2 results on October 31, 2015.
Since June 24, it zoomed 350% from Rs 84 after the company received order worth $16.28 million (Rs 103.23 crore) to supply female condoms in Cupid brand to the National Department of Health (NDOH), South Africa. The S&P BSE Sensex has declined 7% during the same period.
Till 11:45 AM, around 138,000 shares changed hands on the counter against an average 62,000 shares that were traded daily in past two weeks on the BSE.