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Cupid declines after reporting disappointing Q4 results

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Cupid declined 1.68% to Rs 102.50 at 10:35 IST on BSE after net profit fell 36.07% to Rs 1.27 crore on 55.81% rise in total revenue to Rs 13.05 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced during market hours today, 19 May 2015.

Meanwhile, the S&P BSE Sensex was down 42.90 points or 0.15% at 27,644.40.

On BSE, so far 3,776 shares were traded in the counter as against average daily volume of 40,382 shares in the past one quarter.

The stock hit a high of Rs 105 and a low of Rs 102 so far during the day. The stock had hit a record high of Rs 119.95 on 13 April 2015. The stock had hit a 52-week low of Rs 11.31 on 19 May 2014.

 

The stock had underperformed the market over the past one month till 18 May 2015, sliding 7.99% compared with Sensex's 2.65% fall. The scrip had, however, outperformed the market in past one quarter, jumping 55.48% as against Sensex's 5.57% fall.

The small-cap company has equity capital of Rs 11.12 crore. Face value per share is Rs 10.

Cupid said that the board of directors of the company at its meeting held on 18 May 2015, inter alia, have recommend payment of final dividend of Rs 0.50 per share for the year ended 31 March 2015 (FY 2015).

Cupid was founded in collaboration with world leader Green mate Corporation of South Korea, in 1993. Its modern facility have a current capacity of over 400 million pieces per annum, for male condoms. Also currently Cupid has the capacity to produce 15 million pieces per year of the female condom. It's facilities near Nashik are located about 200 Km. East of Mumbai.

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First Published: May 19 2015 | 10:22 AM IST

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