Cupid Recovers, Tourism Finance Soars 20% After Market Volatility

• Cupid Ltd. recovers from lows, down 10.2% after an 18% dip; Tourism Finance Corporation of India Ltd. (TFCI) hits 20% upper circuit.
• Both stocks had previously fallen 20% last Friday; Aditya Halwasiya is a significant shareholder in both companies.
• TFCI announced plans to act as co-sponsor/anchor investor for Holystone Hospitality Fund and Certus Real Estate Fund, Category II AIFs.
• Cupid stated no material event for volatility, citing rumors, and affirmed commitment to long-term value creation.
• Ekta Halwasiya acquired 3.7 lakh shares of TFCI on Friday after block deals.

Why It Matters: Cupid and TFCI show divergent trends after volatility, with TFCI gaining on new fund announcements.