Cupid Ltd. and Tourism Finance Corporation of India Ltd. (TFCI) witnessed contrasting movements on Monday, January 6, after both stocks had slumped to their 20% lower circuit on Friday. While Cupid shares continued their downward spiral, TFCI staged a remarkable recovery with strong buying interest.

Monday's Market Performance

The two stocks, connected through common stakeholder Aditya Halwasiya, showed dramatically different trajectories:

Common Shareholding Connection

Both companies share a notable connection through Aditya Halwasiya, who plays different roles in each organization:

Ekta Halwasiya's acquisition of 3.70 lakh shares of Tourism Finance through block deals on Friday helped revive investor sentiment in the stock, contributing to Monday's recovery.

Cupid's Strong Q3 FY26 Performance

Despite the stock's poor performance, Cupid reported robust operational metrics for the third quarter:

The company's capacity expansion at its Palava, Maharashtra facility remains on track, while its FMCG sector foray gains momentum with personal care products receiving positive consumer feedback.

Company's Response to Market Volatility

Cupid issued a comprehensive clarification over the weekend addressing the stock price movement:

• No Material Events: Management confirmed no awareness of any material event warranting such volatility
• Normal Operations: Company continues operating normally while executing its stated strategy
• False Rumors: Identified circulation of false and unverified rumors intended to create panic
• Legal Action: Reviewing the situation and will take necessary steps if required

Tourism Finance's Investment Initiatives

TFCI announced its role as co-sponsor and anchor investor for two Alternative Investment Funds:

Both funds represent TFCI's strategic expansion into alternative investment vehicles, providing fundamental support for the stock's recovery.

Cupid Ltd has taken a firm stance against false rumours while simultaneously reporting strong business momentum in its Q3 FY26 update. The company addressed concerns about unverified information being circulated to damage the reputation of both the organization and its promoters, stating it will take appropriate steps as required to counter these developments.

Strong Q3 FY26 Operating Performance

The company reported robust operating momentum during Q3 FY26, demonstrating resilience despite external challenges. Key performance indicators showed improvement across multiple business parameters:

FY26 Financial Guidance Reaffirmed

Management has expressed strong confidence in exceeding its previously announced FY26 financial targets. The company's guidance reflects optimistic projections supported by multiple operational factors:

Growth Drivers and Operational Strengths

The company's confidence in surpassing its financial guidance stems from several key operational advantages. Operating efficiencies have been a significant contributor to improved performance metrics, while stable demand conditions provide a solid foundation for sustained growth. Additionally, execution progress across various business initiatives has strengthened the company's market position.

Global Expansion and Future Outlook

Cupid's global expansion initiatives continue to show positive progress, contributing to improved business visibility. The combination of operational efficiencies, stable market demand, and successful execution of strategic initiatives positions the company favorably for achieving its ambitious FY26 targets. Management's confidence in exceeding the revenue guidance of ₹335.00 crores and PAT target of ₹100.00 crores reflects the underlying strength of the business model and market positioning.