Cupid surges 20% on winning order worth of Rs 100 crore

The company received an order worth $16.28 million to supply female condoms to NDOH, South Africa.

Shares of Cupid are locked at the upper circuit of 20% at Rs 97 on the BSE after the company said that it has received an order worth $16.28 million (approximately Rs 103 crore) to supply female condoms in Cupid brand to the National Department of Health (NDOH), South Africa.

This order is to be executed over next three years starting from July 1st 2015 till June 30th 2018. This new order is continuation of earlier order which has already been executed on schedule by the company, Cupid said in a statement.

Till 1017 hours, around 89,000 shares changed hands and there were pending buy orders for 75,993 shares on the BSE.