share market
There is often talk of companies giving excellent returns in the stock market. Some companies fill the pockets of investors with their performance and come into the headlines. One such company is Cupid Limited which manufactures condoms. In the last one year, this company has given such tremendous returns to the investors that even the big stocks of the market have been left behind.
In the last 12 months, shares of Cupid Limited have risen by about 441%. That means, if an investor had invested money in it a year ago, his amount would have increased more than four times. On January 9, the company’s shares closed at around Rs 424. Talking about the recent past, the stock has given excellent returns of about 11% in one month and about 288% in six months. If we look at it in the long term, this stock has jumped by about 3440% in the last 5 years.
What are the strengths of the company
Cupid Limited is not limited to just condoms, rather it has become a complete health care product company. Apart from male and female condoms, the company also produces water-based lubricant jelly and IVD kits. Its manufacturing capacity is quite large. Every year the company produces crores of units of condoms and lubricants, which are supplied both within the country and abroad. This strong business model has taken the company forward rapidly.
Good news for investors
Another good news has emerged for the investors of Cupid Limited. The company is considering giving bonus shares to its shareholders. For this, a board meeting is going to be held on January 29. If bonus shares are announced, it can further strengthen the confidence of investors and there can be further movement in the shares.
How did the company’s journey begin?
Cupid Limited was started in the year 1993 from Maharashtra. Then its name was Cupid Rubbers Limited. Over time the company changed its name and identity. Earlier it used to make only male condoms, but later it also included products like female condoms and lubricant jelly in its business. In 1998, the company received its first export order, which laid the foundation of its global journey. After this, investment was made in technology and machinery, which led to a huge increase in production capacity. Cupid’s products are not only sold in India, but are also exported to many countries. Especially in the female condom segment, the company has received recognition at the international level. The big order received from South Africa in 2010 proved to be a turning point for the company.
who owns the company
The Chairman and Managing Director of Cupid Limited is Aditya Kumar Halwasiya. He is also the main promoter of the company. He has studied Masters in Global Finance from Fordham University, America. Under his leadership, the company registered rapid growth and became the choice of investors in the stock market. The way Cupid Limited has gained momentum in both its business and shares in the last few years, it has attracted the attention of the market. Although investing in the stock market comes with risk, this company has become an example of the fact that even companies working in different sectors can give excellent returns.
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