Cupid hits 20% upper circuit

Yesterday, after market hours, Cupid announced that it has received order worth Rs.103 crore to supply female condoms in Cupid brand to the National Department of Health, South Africa. This order, the company stated, is to be executed over next three years starting from 1 July 2015 and is in continuation of earlier order which has been already been executed on schedule by the company.

The stock today opened 20% higher at Rs.97, immediately breaching the upper circuit and currently remains frozen. Its 52-week high is at Rs.119.95. Some 89,000 shares today pushed the stock to its upper circuit.