Cupid Limited Share Plunges 20% After 55-to-525 Rupee Rally; ₹3,000 Cr Wiped Out

• Cupid Limited's share price plummeted by nearly 20% in a single day, wiping out ₹3,000 crore, after a meteoric rise from ₹55 to ₹525.
• The stock closed at ₹337.10, down 19.72%, and is now 36% below its lifetime high of ₹526.95 reached on January 2.
• The company attributes the sharp decline to profit booking and market sentiment, clarifying there's no negative news related to its business.
• NSE placed Cupid's share on the 'Additional Surveillance' list due to unusual price movements, aiming to protect investors.
• Despite short-term volatility, Cupid Limited projects Q3FY26 as its best quarter ever, maintaining strong FY26 revenue and profit estimates.

Why It Matters: Cupid Limited's share plunges after a massive rally, underscoring market volatility despite strong fundamentals.