Cupid Shares Surge Over 15% Amid Bonus Share Announcement Shares of Cupid Ltd., India’s leading condom manufacturer, surged nearly 15% on Monday, March 9, as the stock began trading ex-bonus in a 4:1 ratio. The company’s shares hit an intraday high of ₹92.90 on the National Stock Exchange (NSE) and climbed to ₹91 on the BSE, outperforming the NIFTY50 index, which fell 2.3% during the session. The rally followed the announcement of a bonus share issuance, which rewards existing shareholders by granting four additional shares for every one held on the record date. Cupid disclosed in a regulatory filing that the bonus shares would be allotted on March 10, 2026, with the deemed date of allotment set for the next working day. The company stated that shareholders would receive 107,57,28,560 fully paid-up equity shares of ₹1 each, distributed in a 4:1 ratio. Analysts noted that such bonus share offerings are a common strategy to boost shareholder value and incentivize long-term investment. The stock’s sharp rise coincided with a spike in trading volume, with 4.97 crore shares exchanged on the NSE—11 times the average of 43.64 lakh shares in the past two weeks. On the BSE, trading volume reached 61.12 lakh shares, compared to an average of 2.36 lakh shares daily. The increased activity reflects heightened investor interest in the company’s equity following the bonus announcement. Cupid also announced the resignation of independent director Smeeta Bhatkal, effective from March 2, 2026, citing full-time professional commitments. Her departure means she will no longer serve on the company’s Audit Committee. This development, while separate from the stock’s performance, adds context to the company’s corporate governance dynamics.#nifty50 #bse #national_stock_exchange #cupid_ltd #smeta_bhatkal
