Cupid shares end 10% higher ahead of Nifty Smallcap 250 inclusion tomorrow. How much inflows can it see?
Executive Brief • Key Highlights
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- ✓Cupid shares jumped 10% to Rs 291 ahead of the company's inclusion in the Nifty Smallcap 250 index on September 30.
- ✓The stock surged 250% in six months.
- ✓Nuvama Alternative and Quantitative Research said the stock could see inflows of around $10 million as the company raised its FY27 guidance.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Cupid shares jumped 10% to Rs 291 after the company's inclusion in the Nifty Smallcap 250 index, effective September 30. The stock has surged 250% in six months, while strong June-quarter growth and raised FY27 guidance strengthen its growth outlook.
Shares of Cupid rallied as much as 10% to hit Rs 291 on the BSE on Tuesday, as the company is set to enter the Nifty Smallcap 250 index as part of the NSE's latest semi-annual rejig, effective September 30.
Cupid has been among the standout performers in the market this year, with its shares surging 250% over the past six months and around 180% since the start of the year. Following its inclusion in the index, domestic brokerage Nuvama Alternative and Quantitative Research estimates the stock could see inflows of around $10 million.
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