NSE: CUPID · 26 October 2026
- Cupid Ltd. (CUPID) inched up by 0.02% during the trading session on October 26, 2026, opening at ₹307.95 and moving within a day's range of ₹303.40 to ₹318.25.
- Cupid Limited announced the completion of the conversion of 3,00,000 warrants into an equivalent number of equity shares of Baazar Style Retail Limited at a predetermined price of ₹328.25 per equity share. Following this tranche, the company holds 45,00,000 converted equity shares out of 1,01,00,000 total warrants originally allotted, leaving 56,00,000 warrants outstanding for future conversion.
- Trading volume was 0.29 times the 20-day average daily volume.
Why is Cupid share price rising on 26 October 2026?
Cupid Ltd. (CUPID) inched up by 0.02% during the trading session on October 26, 2026, opening at ₹307.95 and moving within a day's range of ₹303.40 to ₹318.25.
In broader market context, the benchmark Nifty rose by 0.10%, while the Nifty FMCG sector benchmark drifted lower by 0.49%. Cupid's marginal uptick came amid a corrective short-term phase for the stock, which has registered a 5-day return of -13.34% and a prior 2 trading days return of -10.07%, even as its 20-day return stands positive at 15.10%.
Company disclosures from late September and October 2026 provide fundamental context around the business, including management's upward revision of FY27 revenue guidance to ₹800+ crore and net profit guidance to ₹250+ crore alongside the conversion of 3 million warrants in Baazar Style Retail Limited at ₹328.25 per share. However, these announcements do not represent a direct same-day catalyst for today's negligible price change, which reflects broader consolidation following recent volatility.
69.85 lakh shares traded by 26 October 2026 · 10:40 AM IST. This compares with a 20-day average daily volume of 2.45 crore shares (0.29 times). The five-day average daily volume was 1.98 crore shares. Separately, the NSE report for 23 October 2026 showed 68.25 lakh shares delivered, representing 35.46% of that day’s traded volume. The same report recorded 181,472 trades.
No confirmed single catalyst explains today's nominal 0.02% change. The price action appears consistent with routine consolidation following recent downward pressure, supported by moderate cash volume and 35.46% delivery participation.
Latest Company Developments
Cupid Limited announced the completion of the conversion of 3,00,000 warrants into an equivalent number of equity shares of Baazar Style Retail Limited at a predetermined price of ₹328.25 per equity share. Following this tranche, the company holds 45,00,000 converted equity shares out of 1,01,00,000 total warrants originally allotted, leaving 56,00,000 warrants outstanding for future conversion.
Demonstrates steady capital deployment and execution of the company's retail partnership strategy.
Cupid released its Q2 FY27 business updates, projecting total revenue to cross ₹200 crore for the quarter. Driven by strong domestic FMCG expansion and international visibility, management raised its FY27 revenue guidance to over ₹800 crore and net profit guidance to over ₹250 crore.
Signals strong operating momentum and provides aggressive growth targets for the remainder of the fiscal year.
The board of directors approved the conversion of up to 30,00,000 warrants of Baazar Style Retail Limited in one or more tranches at ₹328.25 per share. The investment is aimed at expanding Cupid's consumer healthcare and FMCG product footprint across Style Baazar's retail store network.
Links Cupid's personal care portfolio to an expanding physical retail distribution channel across regional markets.
Cupid Q1 Results: Profit Nearly Triples As Margin Widens; Revenue Up 2.6x.
Conversion of upto 30,00,000Warrants, in or more tranches, of Baazar Style Retail Limited ( Baazar Style ) held by the Company.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 0.57% on 30 September 2026. This compares with 0.33% on 30 June 2026, a change of +0.24 percentage points.
The filing reported 18 MF/UTI holders.
Historical Bulk / Block Deals
Baazar Style Retail shares hit 5% upper circuit as Cupid's Aditya Halwasiya likely buyer in block deal. Baazar Style Retail shares hit 5% upper circuit as Cupid's Aditya Halwasiya likely buyer in block deal Moneycontrol.com
What to Watch Next
- Execution of upcoming financial quarters against revised FY27 revenue guidance of ₹800+ crore
- Operational progress and commissioning timeline for the Palava manufacturing facility
- Further updates regarding the remaining 56,00,000 unexercised Baazar Style Retail warrants
- Delivery percentage trends relative to the 35.46% recorded in the latest session
More Cupid news and dated analysis →
Frequently Asked Questions
What is the latest Cupid company news?
Cupid Limited announced the completion of the conversion of 3,00,000 warrants into an equivalent number of equity shares of Baazar Style Retail Limited at a predetermined price of ₹328.25 per equity share. Following this tranche, the company holds 45,00,000 converted equity shares out of 1,01,00,000 total warrants originally allotted, leaving 56,00,000 warrants outstanding for future conversion.
How strong was Cupid’s trading volume?
69.85 lakh shares traded, 0.29 times the 20-day average daily volume. The price and volume data are dated 26 October 2026 · 10:40 AM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.