Cupid rose 1.8% to Rs 287.65 at 11:41 IST on BSE, with the stock recovering on bargain hunting after Wednesday's slide triggered by the company reporting uninspiring Q4 results.
Meanwhile, the S&P BSE Sensex was up 165.96 points or 0.55% at 30,467.60. The S&P BSE Small-Cap index was up 142.45 points or 0.98% at 14,699.02.
On the BSE, 4,309 shares were traded on the counter so far as against the average daily volumes of 1.01 lakh shares in the past one quarter. The stock had hit a high of Rs 292 and a low of Rs 285 so far during the day.
The stock had hit a 52-week high of Rs 374 on 1 November 2016 and a 52-week low of Rs 251.25 on 27 July 2016. It had underperformed the market over the past one month till 24 May 2017, sliding 11.85% compared with the Sensex's 2.18% rise. The scrip had also underperformed the market over the past one quarter, declining 9.6% as against the Sensex's 4.88% rise.
The small-cap company has equity capital of Rs 11.11 crore. Face value per share is Rs 10.
Shares of Cupid had tumbled 9.76% in a single trading session to settle at Rs 282.55 yesterday, 24 May 2017, after the company announced uninspiring Q4 results after market hours on 23 May 2017.
Cupid's net profit rose 6.72% to Rs 4.92 crore on 1.37% growth in total revenue to Rs 18.49 crore in Q4 March 2017 over Q4 March 2016.
Also Read
The company's earnings before interest, taxation, depreciation and amortization (EBITDA) declined 7.57% to Rs 8.18 crore in Q4 March 2017 over Q4 March 2016.
EBITDA margin shrank to 44% in Q4 March 2017, from 49% in Q4 March 2016.
As on 31 March 2017, the company has confirmed orders worth Rs 58 crore and repeat orders of Rs 31 crore both executable in the coming period.
Cupid said it remains confident of its growth over the foreseeable period as it continues to take key strategic initiatives for the scale up. This apart, the company would continue its efforts in evaluating new growth opportunities both through organic and inorganic route.
Cupid is a leading manufacturer of quality male and female condoms.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content