Cupid Shares Climb 4% on Bonus Issue, Record Quarter Outlook
Overview
Cupid shares jumped 4.1% as the company prepares to discuss a bonus issue and its Q3FY26 results on January 29, 2026. The firm anticipates its best quarterly performance yet, driven by strong demand and operations, alongside international expansion plans in Saudi Arabia.
Stocks Mentioned
Cupid shares climbed over 4% on Thursday as the company prepared to discuss a potential bonus issue and its December quarter (Q3FY26) financial results. The stock reached an intra-day peak of ₹438.8 per share on the Bombay Stock Exchange (BSE).
The board of directors is scheduled to convene on January 29, 2026, to review the unaudited financial results for the quarter ended December 31, 2025, and to consider a proposal for declaring bonus shares. This announcement fueled a 2.44% gain by 12:15 PM, reaching ₹431.8, while the broader Sensex index registered a 0.34% decline. Cupid's market capitalization stands at ₹11,642.08 crore.
Q3FY26 Outlook Strong
The company anticipates the third quarter of the current financial year to be its best performing to date, citing strong demand and smooth operational execution. Cupid highlighted a robust order book, providing clear visibility for future performance.
Global Expansion Underway
Expansion efforts are also underway, with plans to establish a manufacturing facility in Saudi Arabia, marking its first international venture outside India. This project will be funded through internal accruals. Management remains confident in achieving its FY26 topline guidance of ₹335 crore and a ₹100 crore net profit target.
