Cupid shares jump 19% in two days after bonus issue: What's behind the rally?
- Posted on March 10, 2026
- By Business News Today
- 4 Views
Cupid shares jump 19% in two days after bonus issue: What's behind the rally?
Condom-maker Cupid's shares surged 5% on Tuesday, extending this week's gains to 19% following its 4:1 bonus issue. The bonus shares are expected to be allotted today, making the stock more accessible to retail investors. The company also reported strong Q3 FY26 results with a 196% year-on-year net profit increase.
