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Cupid surges after order win

Capital Market 

The company announce that it has received a Rs 14.10 crore-order from United Nations Population Fund (UNFPA) to supply male condoms to Uganda.

The stock jumped 5.18% to Rs 134.10. On the BSE, 11,000 shares were traded in Cupid counter, compared to a 2-week average of 5,073 shares. The stock hit an intraday high of Rs 138.70 and an intraday low of Rs 130.50. It hit a 52-week high of Rs 210.58 on 20 August 2018 and a 52-week low of Rs 101 on 22 July 2019.

Meanwhile, S&P BSE Sensex was up 271.61 points or 0.73% at 37,621.94.

Cupid's net profit rose 82.1% to Rs 8.16 crore on 97.5% surge in net sales to Rs 34.13 crore in Q1 June 2019 over Q1 June 2018.

Cupid is engaged in the business of business of dealing, marketing and manufacture of rubber contraceptives and allied prophylactic products.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 19 2019. 10:33 IST