Cupid rose 1.99% to Rs 317.70 at 10:59 IST on BSE after the company said that it won an order worth approximately Rs 13.58 crore with PSI India.
Meanwhile, the BSE Sensex was down 235.47 points, or 0.91%, to 25,538.14 .
On BSE, so far 8,284 shares were traded in the counter, compared with an average volume of 26,948 shares in the past one quarter. The stock hit a record high of Rs 507 on 8 December 2015. The stock hit a 52-week low of Rs 67.05 on 11 June 2015. The scrip had outperformed the market in past one quarter till 17 May 2016, rising 30.28% as against Sensex's 10.23% rise.
The small-cap company has an equity capital of Rs 11.12 crore. Face value per share is Rs 10.
As per the terms of agreement, Cupid is required to supply 8.35 crore units of male condoms to distribute in India.
Population Services International (PSI) is a global health organization dedicated to improving the health of people in the developing world by focusing on serious challenges like a lack of family planning, HIV and AIDS, barriers to maternal health etc. The organization is headquartered in Washington DC and currently runs its programs in over 69 countries.
Net profit of Cupid surged 263.78% to Rs 4.62 crore on 40.52% rise in net sales to Rs 17.72 crore in Q4 March 2016 over Q4 March 2015.
Cupid is a leading manufacturer of quality male and female condoms. The company exports to over 26 countries and derives around 80% of its revenues through exports.
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