Kunal Kamble is bullish on smallcaps Cupid, MMTC and South Indian Bank as the Nifty SmallCap 250 index attempts a breakout above its 200-DMA on the daily chart.
Cupid, in a filing on March 2, 2026, had announced that it received approvals from BSE and the National Stock Exchange of India (NSE) for the proposed issue and allotment of bonus equity shares
The stock jumped 13.3 per cent to ₹442 apiece on the National Stock Exchange (NSE)
The northward movement in the Cupid share price came after the company announced a strategic investment of ₹331.53 crore in Baazar Style Retail
In its filing, Cupid said that the board will meet on Thursday, January 29, 2026, to discuss a bonus issue as well as December quarter (Q3FY26) results.
Cupid share price slumped 36.02 per cent to ₹337.10 from its life high on Monday
Cupid share price surged to a record high of ₹524.95, from its 52-week low of ₹55.75, in just nine months
Cupid's stock was in demand after the company's board approved setting up FMCG facility in Saudi Arabia
Cupid said the second-half of FY26 is expected to be stronger than H1, driven by strong order visibility and improving execution.