Cupid shares surge 10% on securing 3 year contract from UNFPA

By: | Updated: March 14, 2016 4:08 PM

In the past one year, the share price of Cupid surged 318 per cent to Rs 314.50 till March 11, whereas the BSE Sensex slid 13.75 per cent during the same period.

BSE Sensex, NSE Nifty, cupid share priceIn the past one year, the share price of Cupid surged 318 per cent to Rs 314.50 till March 11, whereas the BSE Sensex slid 13.75 per cent during the same period. (Photo: PTI)

Cupid share price hit upper circuit on Monday after it informed bourses that a non-exclusive long term agreement has been awarded to the company for manufacture and supply of Cupid Female Condoms to UNFPA for a period of 3 years. Shares of Cupid closed 9.98 per cent up at Rs 345.90.

“This is a good opportunity for Cupid to participate in the UNFPA’s worldwide procurement program,” said Om Gard, chairman and managing director, Cupid Ltd.

In the past one year, the share price of Cupid surged 318 per cent to Rs 314.50 till March 11, whereas the BSE Sensex slid 13.75 per cent during the same period.

For the quarter ended December 2015, the company posted net profit of Rs 4.20 crore, up 48.55 per cent, against Rs 2.82 crore in the same quarter last year.

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