Cupid Shares Plunge 36% from Peak; Rs 3000 Crore Lost Amid Profit-Booking

• Cupid shares crashed nearly 20% on Monday, falling to Rs 337.10, and are now down 36% from their life high of Rs 526.95 on January 2.
• The sharp decline is attributed to aggressive profit-booking by investors after a continuous 15-session rally, leading to a loss of Rs 3000 crore.
• Cupid Limited clarified there's no specific company news behind the volatility, attributing it to market dynamics; NSE placed the stock under surveillance.
• Expert Vipin Kumar of Globe Capital Markets advises new investors to wait for price stability, noting Rs 340-Rs 300 as a key support zone.
• Despite the crash, Cupid expects Q3FY26 to be its best quarter with a strong order book and reiterates FY26 revenue target of Rs 335 crore and Rs 100 crore net profit.

Why It Matters: Cupid's sharp correction highlights market volatility after rallies; investors should await stability despite strong fundamentals.