Multibagger Cupid Ltd Plunges 38% in 2 Days Amid NSE's ASM Action

• Multibagger stock Cupid Ltd, which gave 550% return in a year, has seen a sharp decline for two consecutive trading sessions.
• The stock fell 20% on Friday and another 17.88% today, primarily due to NSE placing it under Long-Term ASM Stage-1 framework.
• ASM Stage-1 requires 100% margin on T+3 days from Jan 6, 2026, curbing speculation and leading to heavy profit booking.
• Large block deals on Jan 2, with 2.2 crore shares traded, suggest major investors are exiting or rebalancing portfolios.
• Experts advise caution, with ₹370 as crucial support and ₹445 as resistance; however, long-term positives include reduced promoter pledge and Saudi Arabia expansion plans.

Why It Matters: Cupid Ltd faces short-term volatility from ASM and profit booking, despite long-term strategic positives.