Now Reading: Cupid promoter Aditya Halwasiya raises stake to 33.53%
-
01
Cupid promoter Aditya Halwasiya raises stake to 33.53%
Cupid promoter Aditya Kumar Halwasiya has bought another 11 lakh shares in the company, raising his stake to 33.53%. This is his third disclosed purchase in the past two weeks, bringing the…
Cupid promoter Aditya Kumar Halwasiya has bought another 11 lakh shares in the company, raising his stake to 33.53%. This is his third disclosed purchase in the past two weeks, bringing the total shares acquired across three transactions to 32,98,538 shares.
The company reported a net profit jump of 194% year-on-year to Rs 44.15 crore for the June quarter of FY27, with total income up 142% to Rs 156.98 crore. Halwasiya said the company has revised its FY27 guidance upward to revenue of Rs 725 crore to Rs 750 crore and net profit of Rs 210 crore to Rs 225 crore.
Cupid shares closed at Rs 286.10 on Monday, gaining 243% over the past six months. The stock is under long-term Additional Surveillance Measure on both BSE and NSE due to high volatility. The company's 33rd Annual General Meeting is scheduled for September 22, 2026.
Indian Opinion Analysis
Promoter stake increases of this size and frequency are rare and typically signal strong conviction from management. Cupid's core business in condoms and diagnostic kits has benefited from sustained government procurement and export demand. The stock's 243% rally in six months and its placement under ASM suggest SEBI is monitoring price movement for potential manipulation. The next trigger will be the AGM on September 22, 2026, where shareholders may seek clarity on the revised guidance and any plans to address the stock's volatility.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
