Cupid in the limelight

Cupid is doing pretty well today and the stock priced opened almost 4.5% higher at Rs.132 and went on to hit an intraday high at Rs.134.90, rising 7%. Its 52-week high is at Rs.206.46.

The stock price has gone up on announcement from the company that it has received orders worth Rs 4.95 crore from United Nations Population Fund (UNFPA) for supplying condoms to Angola.

Ten days ago, it had received an order worth Rs.14 crore from UNFPA to supply Male Condoms to Uganda and at the beginning of the month, an order worth Rs.5 crore from UNFPA for supply to Mozambique.