Cupid share price jumps 15% as stock trades ex-bonus despite Sensex, Nifty crash. Photos: X.
Cupid Share Price Today: Indian benchmark equity indices – the BSE Sensex and Nifty 50 – witnessed a sharp decline on Monday. The Indian stock market behaved like global markets, as a broad sell-off took place after crude oil prices surged past $100 per barrel due to the Middle East war involving Iran, Israel, the US, and other Gulf countries.
The market opened deep in the red as selling pressure intensified during early trading hours.
The Sensex began the session 1,862 points lower at 77,056.75. The benchmark later extended its losses, plunging to an intraday low of 76,573.01, a fall of 2,345.89 points from its previous close.
Similarly, the Nifty 50 opened sharply lower at 23,868.05, down by 583 points. The index later slipped further, hitting a day’s low of 23,739.2, marking a decline of 711.25 points.
Even as the broader market remained under pressure, shares of Cupid Limited surged sharply. The small-cap stock rallied 15% on Monday, March 9, as it traded ex-bonus during the market downturn.
The company had earlier announced a bonus issue in the ratio of 4:1. This means shareholders will receive four additional shares for every one share they held as of the record date, March 9.
In an exchange filing, the company stated, “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.”
On Monday, Cupid shares opened at an intraday low of ₹81.95 per share on the BSE. During the trading session, the stock climbed to an intraday high of ₹92.35 per share.
Cupid, with the trading name CupidLimited, manufactures and supplies male and female condoms, lubricants, and IVD kits.
Zubair Amin is a Senior Journalist at NewsX with over seven years of experience in reporting and editorial work. He has written for leading national and international publications, including Foreign Policy Magazine, Al Jazeera, The Economic Times, The Indian Express, The Wire, Article 14, Mongabay, News9, among others. His primary focus is on international affairs, with a strong interest in US politics and policy. He also writes on West Asia, Indian polity, and constitutional issues. Zubair tweets at zubaiyr.amin
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