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Cupid stock momentum continues as promoter lowers pledged holding
Cupid shares, which have risen nearly 10x in two years, stayed in focus after promoters cut pledged holdings from 36% to 20%, easing leverage concerns and reinforcing confidence in the company’s financial position.
Shares of Cupid Ltd remained in focus after delivering nearly 10x returns over the past two years, while promoters reduced pledged shareholding to 20% from 36%. The move signals improved balance sheet comfort and reduced financing risk. The stock’s sharp rally has been supported by consistent earnings performance, capacity utilisation improvements, and steady demand across domestic and export markets.