On Monday, Jan 5, the contraceptive maker Cupid saw its stock tumble almost 20%, while Tourism Finance Corporation of India (TFCI) jumped about 15% after both had hit a 20% circuit breaker on Friday.
Monday Stock Moves
Cupid’s shares slid to an intraday low of Rs 368, a drop of roughly 20% from the previous close. In contrast, TFCI recovered sharply, climbing to Rs 63.50, up about 15% during the session.
Regulatory Watch on Cupid
Cupid is now under the Securities and Exchange Board of India’s Long‑Term Additional Surveillance Measures (ASM LT). These measures aim to protect market integrity and include:
- Narrowing price bands
- Periodic call auctions
- Moving securities to the trade‑to‑trade category
- Graded Surveillance and Additional Surveillance frameworks
Fresh Buying Boosts TFCI
Data shows that Ekta Halwasiya purchased 3.7 lakh TFCI shares via block deals on Friday, helping revive investor sentiment and drive the stock’s rebound.
Cupid’s Business Update
The company issued a clarification stating it knows of no material news to justify the sharp fall and that operations continue as planned. Key points from its Q3 FY26 report:
- Strong performance, expected to be its best quarter yet
- Order book at an all‑time high, giving clear revenue visibility
- Guidance to exceed FY revenue of Rs 335 cr and profit of Rs 100 cr
- Capacity expansion at the Palava, Maharashtra plant on track
- New FMCG products (petroleum jelly, face wash, talc) receiving positive consumer feedback
TFCI’s New Investment Role
TFCI announced it will act as co‑sponsor and anchor investor for two Alternative Investment Funds – the Holystone Hospitality Fund and the Certus Real Estate Fund – with applications already filed with SEBI.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.