Cupid stock took a sharp dive on Jan 2, falling 20% to its lower price band and snapping a 13‑day winning streak.
Key figures
- Shares traded on BSE: about 3.9 million (39 lakh) – far above the two‑week average of 0.5 million (5.03 lakh).
- Shares traded on NSE: roughly 221.59 thousand.
- Sell orders: 5.8 million (58 lakh) across both exchanges.
- Opening price: ₹526; previous close: ₹524.90.
- Day’s low: ₹419.95 – the 20% lower price band.
Why the drop matters
The sudden sell‑off ended a strong rally where the stock had risen about 33% over the prior two weeks. Heavy selling pressure and unusually high volume pushed the price down to the regulatory lower limit, triggering an automatic halt.
What investors should watch
- Check if the sell‑off is linked to any news or earnings surprises.
- Monitor the stock’s price when trading resumes – it may reopen near the lower band.
- Consider your risk tolerance; small‑cap stocks can swing sharply on high volume.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.