Shares of Cupid Limited dropped by 11% on Wednesday, following a record high of Rs 226 earlier in the day. This decline represents the stock’s most significant one-day decrease in six months. Despite a sharp fall of up to 20% during the day due to heavy profit booking, the stock managed to recover slightly, closing at Rs 197 per share.
The substantial decline marks one of the stock’s most significant single-day drops in 2026 and its largest intra-day crash since January 2, when it also fell by 20% during the session. This sell-off ended Cupid’s three-session winning streak, where the stock had been reaching new record highs daily and surpassed the Rs 220 mark for the first time.
Even with the correction on Wednesday, Cupid’s stock has shown remarkable long-term performance. After facing pressure for over a year, the company began a strong recovery in April 2025, with a 25% gain during that month. Founded in 1993 and based in Mumbai, Cupid Limited specializes in manufacturing sexual wellness and personal care products. The company’s manufacturing facility is located in Sinnar, Nashik, and it holds the distinction of being the first globally to receive WHO/UNFPA prequalification for both male and female condoms.
Chairman and Managing Director Aditya Kumar Halwasiya leads the company, which offers a diverse product range including male and female condoms, water-based lubricant jelly, in vitro diagnostic (IVD) test kits for malaria, HIV, and pregnancy, as well as FMCG products like deodorants and hair oils. Cupid boasts an annual production capacity of 480 million male condoms, 52 million female condoms, and 210 million lubricant sachets.
