Introduction:
FMCG stock has secured a significant international order worth ₹14.91 crore from Tanzania’s Medical Stores Department for male condoms, reflecting its growing global presence and commitment to delivering quality health products to international markets.
Share Price movement of Cupid:
On January 3, 2025, Cupid Ltd opened at ₹76.99, up 5.49% from its previous close of ₹75.74. The stock reached an intraday high of ₹81.85 (8.08%) and a low of ₹76.65. By 11:17 AM, it traded at ₹79.90, reflecting a market cap of ₹1,179.29 crore.
Cupid Ltd Received new order:
Cupid Limited has secured a purchase order from the Medical Stores Department of the Government of Tanzania for the supply of male condoms valued at approximately ₹14.91 crore. This international contract is scheduled for execution between February and April 2025.
The order is part of a framework agreement, indicating potential for future collaborations. Cupid Limited’s Managing Director, Mr. Aditya Kumar Harwasiya, expressed optimism about this development, anticipating more value-accretive business with the Tanzanian government.
This contract underscores Cupid Limited’s expanding international presence and its commitment to providing quality health products globally. The company continues to leverage its expertise in manufacturing male condoms to meet international standards and demand.
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Recent news About Cupid:
On December 20, 2024, Cupid Limited announced receiving an international order worth ₹18.20 crore from the United Nations Population Fund (UNFPA) for male and female condoms, to be executed between March and May 2025.
Stock performance of Cupid for Period of 1 week, 6 months and 1 year:
Cupid’s stock performance over the periods shows a decline of 2.12% over 1 week and 15.7% over 6 months, reflecting short-term challenges. However, it has delivered a 20.9% gain over 1 year, showcasing resilience and long-term growth potential.
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Shareholding pattern of Cupid:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 45.61 | 44.8 | 44.8 |
| FII | 3.33 | 5.97 | 5.19 |
| DII | 0 | 0.34 | 1.08 |
| Retail & others | 51.05 | 48.9 | 48.92 |
About Cupid:
Cupid Limited specializes in the manufacturing and distribution of high-quality male and female condoms, contributing to global health initiatives. With a strong international presence, the company focuses on innovative solutions to meet global standards and growing market demands.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
