Cupid shares hit record high after raising FY27 guidance

Cupid shares reached a record high of 368 rupees on the Bombay Stock Exchange, extending a sharp market rally. The company increased its financial year 27 revenue guidance to 800 crore rupees and net profit guidance to over 250 crore rupees. Total revenue for the second quarter of financial year 27 is expected to exceed 200 crore rupees.

Market Performance And Expansion

The stock has surged 230 percent in 2026 so far and 656 percent over the past year. Over five years, shares have grown by 15,400 percent. The growth is driven by business momentum, stronger market visibility, and plans for the Palava manufacturing facility. The firm also secured approval for a manufacturing venture in South Africa and strengthened its partnership with GII Healthcare Investment Limited through a 5 million dollar follow-on investment.

Analyst Views And Support

Market analysts advise investors to avoid chasing the stock at current levels due to the risk of profit booking. Jigar Patel from Anand Rathi Share and Stock Brokers identifies 345 rupees as a key support level and advises trailing the stop-loss there. Mayank Jain from Share.Market by PhonePe notes the stock trades well above its key moving averages, with immediate support near the 20-day simple moving average of 293.07 rupees.

Context

Guidance updates and earnings forecasts often drive sharp stock price movements in the stock market as investors react to future profit expectations. Technical support levels help traders identify points where a stock's price might stop falling during a pullback.