Cupid stock jumps 15% amid market crash. Here is the reason behind the rally
Cupid shares surged about 15 percent on Monday as the stock traded ex bonus in a 4:1 ratio even as benchmark indices Sensex and Nifty recorded sharp losses.
Shares of Cupid Ltd surged nearly 15 percent on Monday even as benchmark indices declined sharply, after the small cap stock traded ex bonus.
The company had announced a bonus issue in the ratio of 4:1. This means shareholders will receive four bonus shares for every one share held as on the record date of March 9.
“….we wish to inform you that the deemed date of allotment would be next working day i.e. Tuesday, March 10, 2026, for allotment of 1 07,57,28,560 fully paid-up Bonus Equity Shares of Re 1/- each in the proportion of 4:1 i.e. 4 (four) new fully paid-up equity shares of Re 1/- (Rupee One only) for every 1 (One) existing fully paid-up equity share of Re 1/- (Rupee One only) to the eligible shareholders as on the record date,” the company said in an exchange filing.
For example, an investor holding 1,000 shares will receive 4,000 additional shares after the bonus issue. This will take the total holding to 5,000 shares after the 4:1 distribution.
A bonus share is an additional share issued by a company to existing shareholders at no extra cost. It is usually issued from the company’s retained earnings as a reward for investors.
Stock movement on Monday
Cupid share price opened at ₹81.95 per share on the BSE and later climbed to an intraday high of ₹92.35.
The rally came despite a sharp fall in the broader market. Benchmark indices BSE Sensex and Nifty 50 declined significantly on Monday as rising crude oil prices and global tensions weighed on investor sentiment.
Higher crude oil prices are seen as a concern for India as the country is one of the world’s largest oil importers. Rising oil costs can put pressure on growth, inflation and import bills.
Analyst view on Cupid stock
Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, said the stock has seen strong traction following the corporate action.
"Post the corporate action, the stock has witnessed strong traction today, gaining over 10%. The move has emerged from the strong support of the 89-EMA and has resulted in a range breakout. Considering the momentum, the upmove may extend towards 105 in the near term, while 80 is likely to act as immediate support," he said.