Cupid Ltd's Stock Soars 5% on Strong Performance and Positive Trend

Aug 07 2024 09:40 AM IST
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Cupid Ltd, a smallcap company in the rubber products industry, had a strong start to its trading day with a 5.0% increase in stock price, outperforming the sector by 3.49%. The stock has been on a consecutive gain streak for the last 2 days and is currently trading at a high of Rs 95.99. Its moving averages are higher than its 5-day, 20-day, 50-day, and 200-day averages, indicating a positive trend. In comparison to the Sensex, Cupid Ltd's performance has been significantly higher in the last 1 day and 1 month. MarketsMojo has given a 'Hold' call for the stock, showing potential for growth in the industry.

Cupid Ltd, a smallcap company in the rubber products industry, saw a positive start to its trading day with a 5.0% gain in stock price. This outperformed the sector by 3.49%, indicating a strong performance for the company.

The stock has been on a consecutive gain streak for the last 2 days, with a total rise of 10.24% during this period. Today, the stock opened with a gap up of 5%, reaching an intraday high of Rs 95.99. It has since maintained this price, showing no range in its trading.

Cupid Ltd's moving averages are currently higher than its 5-day, 20-day, 50-day, and 200-day moving averages. However, it is lower than its 100-day moving average. This suggests a positive trend for the company's stock.

In comparison to the Sensex, Cupid Ltd's performance in the last 1 day and 1 month has been significantly higher, with a 5.00% and 7.99% gain respectively. In contrast, the Sensex has only seen a 0.97% and -0.80% performance in the same time periods.

Based on these factors, MarketsMOJO has given a 'Hold' call for Cupid Ltd's stock. With its strong performance and positive trend, the company shows potential for growth in the rubber products industry. Investors may want to keep an eye on this smallcap company as it continues to make strides in the market.
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