Cupid Limited shares reached a fresh 52-week high of ₹499.95 during intraday trading on Tuesday, demonstrating continued investor confidence in the condom manufacturer. The stock closed 2.51% higher at ₹499.70 on the National Stock Exchange, opening at ₹490.10 against the previous close of ₹486.60.

Exceptional Stock Performance

The company's shares have been on a remarkable upward trajectory, delivering exceptional returns across multiple timeframes. The stock has gained 51.50% over the past month alone, while year-to-date performance shows an extraordinary surge of 555.37%. Over a three-year period, Cupid Limited has delivered returns exceeding 3,525%, making it one of the standout performers in the small-cap segment.

Trading Activity and Market Dynamics

Trading activity remained robust throughout the session, with significant investor participation across the counter. The deliverable quantity stood at 32.70% of total traded volume, indicating a balanced mix of genuine investment interest and speculative trading activity.

Market Structure and Regulatory Measures

The stock is currently trading with a 100% margin requirement, reflecting heightened regulatory surveillance due to sharp price movements. Market participants noted distinct order patterns, with buy orders accounting for 8.52% of total quantity (9.28 lakh shares) while sell orders represented 21.48% (2.54 lakh shares) by noon. The counter operates within a 20% price band, with an upper circuit limit of ₹583.90.

Market Capitalization and Volatility Profile

Cupid Limited's total market capitalization has expanded significantly to ₹13,405.91 crore, with free float market cap standing at ₹7,202.18 crore. The stock maintains elevated volatility levels with an annualized volatility of 55.60%, reflecting the dynamic nature of price movements. The dramatic price appreciation becomes evident when comparing current levels to the 52-week low of ₹55.75 recorded on April 7, 2025, underscoring the substantial value creation over the past nine months.

Cupid Limited announced that its board has granted in-principle approval to establish a new FMCG manufacturing facility in the Kingdom of Saudi Arabia, marking the company's first manufacturing plant outside India. This development represents an important milestone in the healthcare and FMCG products manufacturer's international expansion journey.

Strategic Expansion into GCC Markets

The proposed manufacturing facility is designed to support Cupid Limited's FMCG growth strategy and strengthen its presence in overseas markets, beginning with the Gulf Cooperation Council region. The plant aims to enhance regional supply capabilities, improve speed-to-market, ensure better product availability across Saudi Arabia and other GCC countries, and deepen market penetration.

Financial Structure and Implementation

Cupid Limited plans to fund this expansion project entirely through internal accruals, demonstrating the company's strong financial position. The project will proceed after completing detailed evaluations and obtaining necessary regulatory and statutory approvals from relevant authorities.

Company Profile and Manufacturing Capabilities

Established in 1993, Cupid Limited operates as India's premier manufacturer of male and female condoms, water-based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly, and other FMCG products. The company has recently expanded its product portfolio to include fast-moving consumer goods such as fragrance products, personal care items, and wellness solutions.

International Presence and Market Position

Cupid Limited maintains a prominent presence in international markets, currently exporting products to over 110 countries with a substantial portion of revenue generated from international operations. The company holds the distinction of being the first globally to attain WHO/UNFPA pre-qualification for both male and female condoms and has established long-term agreements with these organizations.

The Saudi Arabia facility approval positions Cupid Limited for enhanced operational efficiency and market penetration across the Middle Eastern FMCG sector, building on its strong international track record and manufacturing expertise.