Round 10:30 am on Monday, the inventory’s whole traded amount stood at 6.36 lakh shares, with a turnover of Rs 9.66 crore. The corporate’s market capitalization was at Rs 3,948.84 crore.
On Saturday, the corporate additionally knowledgeable that Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Ltd, featured in Avendus Wealth – Hurun lndia U30 Listing 2025.
“Cupid Restricted, (BSE – 530843, NSE – CUPID), is delighted to announce that its Chairman & Managing Director, Mr. Aditya Kumar Halwasiya, has been named to the Avendus Wealth – Hurun India U30 Listing 2025. This prestigious accolade acknowledges India’s most dynamic younger leaders beneath 30 who’re driving innovation, transformation, and sustainable development of their respective fields,” the corporate’s submitting to the inventory exchanges acknowledged.
After this sharp rally, how do analysts suggest buying and selling the inventory?
In keeping with Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Analysis at SBI Securities, “The value has moved up sharply, having risen almost 34% in simply the final 6 buying and selling periods. The sturdy transfer within the worth was supported by an increase in volumes as nicely.”
He added that the inventory is buying and selling above its key brief and time period lengthy shifting averages and the momentum indicators and oscillators are additionally reinforcing the bullish energy.
Shah famous that Rs 115 is more likely to act as a powerful assist degree for the inventory, whereas a follow-up transfer from present ranges might push the value in direction of Rs 180, adopted by Rs 200 ranges within the brief time period.
In the meantime, Hardik Matalia, By-product Analyst at Selection Broking, noticed that the shares of Cupid are at present buying and selling round Rs 146.77, hovering at document excessive ranges after delivering a exceptional rally of almost 165% from its April 2025 lows.
He famous that the inventory has been persistently forming larger highs and better lows on the every day timeframe, reinforcing its sturdy bullish construction.
Nevertheless, Matalia highlighted that with the Relative Energy Index (RSI) at 85.86, the inventory is now firmly within the overbought territory, indicating the potential of an impending time-wise or price-wise correction within the close to time period.
He additional identified that the inventory is buying and selling nicely above all its key short-term and long-term shifting averages, underlining the prevailing sturdy momentum, however cautioned that such steep rallies usually invite consolidation or retracement, particularly when momentum indicators are overheated.
For brief-term merchants, Matalia urged it “could be prudent to guide income at present ranges and take into account re-entering on significant dips close to assist zones, as soon as indicators of stability or reversal emerge.”
He additionally suggested long-term traders already holding the inventory to “take into account reserving partial income to lock in positive aspects,” whereas monitoring for any wholesome retracement, which might current a possibility to build up additional in a staggered method.
(Disclaimer: Suggestions, strategies, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)
