Cupid shares witnessed a dramatic reversal on Friday, plunging 20% to hit the lower circuit limit at Rs 419.95 amid heavy profit booking. The decline ended an impressive 13-session winning streak that had delivered 34% gains and pushed the contraceptive manufacturer's stock to a 52-week high of Rs 526.95 on Thursday.

Strong Volume and Technical Indicators

The price action occurred with exceptionally strong volumes as more than 2 crore shares changed hands on the NSE. Technical indicators had been signaling caution, with momentum indicators showing the stock in a strongly overbought zone prior to the correction.

Both RSI and MFI readings well above the overbought threshold of 70 had indicated that a pullback was imminent. Despite the correction, Cupid shares continue trading above their 50-day and 200-day simple moving averages.

Exceptional Annual Performance

The multibagger stock has delivered remarkable returns over the past year, surging 452% in the 1-year period. This exceptional performance has made Cupid one of the standout performers in the market, attracting significant investor attention.

Strong Financial Performance

Cupid's recent financial results have supported the stock's rally. The company reported consolidated net profit of Rs 24.00 crore for the quarter ended September 30, representing a substantial 140% jump from Rs 10.00 crore in the corresponding quarter of the previous financial year.

Leadership and Business Profile

Aditya Kumar Halwasiya, who serves as Chairman and Managing Director of Cupid, is a prominent promoter holding a 32.58% stake in the company. Halwasiya, an active Indian investor, also maintains an 18.80% stake in Tourism Finance Corporation of India Ltd and recently acquired 38 lakh shares in The Karnataka Bank for Rs 71.00 crore.

Cupid operates as a manufacturer and supplier of male and female condoms, water-based lubricant jelly, and IVD Kits. The company was incorporated as a public limited company in 1993, made its market debut on BSE in 1995, and subsequently listed on NSE in 2016.

Tourism Finance Corporation of India Ltd (TFCI) has reported a robust 14% year-over-year increase in its net profit for the second quarter, signaling strong financial performance amidst evolving market conditions. The company's strategic moves and financial results paint a picture of growth and expansion in the tourism and hospitality financing sector.

Financial Highlights

TFCI announced a net profit of 291 million rupees for the quarter, up from 256 million rupees in the corresponding period last year. This significant growth underscores the company's resilience and effective financial management.

Here's a breakdown of TFCI's key financial metrics for Q2:

The company's total income saw a modest increase to 6,648.53 million rupees, up from 6,462.89 million rupees in the same quarter last year. Notably, interest income, a crucial revenue stream for TFCI, grew by 13.42% to 5,751.40 million rupees.

Operational Efficiency

TFCI demonstrated improved operational efficiency with a 6.05% reduction in total expenses, which stood at 2,992.00 million rupees compared to 3,184.81 million rupees in the previous year. This cost management has contributed significantly to the bottom-line growth.

Strategic Initiatives

In a notable development, TFCI's Board of Directors has given in-principle approval to co-sponsor Alternative Investment Fund(s) (Category II) for the 'Hospitality' and 'Real-Estate' sectors. These funds are proposed to be registered with the Securities and Exchange Board of India (SEBI). This strategic move signals TFCI's intent to diversify its investment portfolio and capitalize on opportunities in these key sectors.

Financial Stability

The company's balance sheet remains robust, with a tangible net worth of 124,171.83 million rupees as of September 30, 2025. TFCI maintains a Capital Risk Adequacy Ratio (CRAR) of 56.60%, well above regulatory requirements, indicating strong financial stability and risk management.

Asset Quality

TFCI has shown remarkable improvement in its asset quality. The Gross Non-Performing Assets (NPA) ratio stood at 0.22%, down from 2.82% in the same period last year. Moreover, the Net NPA has been reduced to nil, showcasing the company's effective credit risk management and recovery processes.

Market Position

With a debt-to-equity ratio of 0.82:1, TFCI maintains a balanced capital structure. The company's earnings per share (EPS) for the half-year ended September 30, 2025, stood at 1.29 rupees, reflecting its sustained profitability.

Tourism Finance Corporation of India Ltd continues to strengthen its position in the tourism and hospitality financing sector. The company's robust financial performance, coupled with strategic initiatives to explore new investment avenues, positions it well for future growth in the dynamic Indian financial landscape.