Stock below Rs 300: This FMCG stock receives an order worth Rs 5.21 crore!

Kiran Shroff
/ Categories: Trending, Mindshare
Stock below Rs 300: This FMCG stock receives an order worth Rs 5.21 crore!

The stock now has a PE of 18.3 per cent, an ROE of 12.80 per cent and a 1-year CAGR of 22 per cent, respectively.

Cupid Limited received a purchase order worth Rs 5.21 (approx.) crore from an international entity, the United Nations Population Fund (UNFPA) for the supply of male condoms and water-based lubricants. The order will be executed by June 2023. 

Today, the shares of Cupid Ltd soared 4 per cent to Rs 283.85 per share from its previous closing of Rs 272.95. The stock’s 52-week high is Rs 353.70 and the 52-week low is Rs 192.05. The stock achieved multibagger returns of 3175 per cent over the last ten years. 

Cupid Ltd was incorporated in 1993 and has a market cap of 365.79 crore. The company is engaged in the business of dealing, marketing and manufacturing rubber contraceptives and allied prophylactic products.  

Talking about the financials, in Q2FY23 the company did net sales of Rs 45.25 crore, up 37.98 per cent compared to Q2FY22. The net profit rose 84.51 per cent to Rs 8.58 crore in Q2FY23 compared to Q2FY22.  

The stock now has a PE of 18.3 per cent, an ROE of 12.80 per cent and a 1-year CAGR of 22 per cent, respectively. The company paid a total dividend of Rs 5.50 per equity share to its shareholders during the fiscal year 2022-23 with a dividend yield of 1.65 per cent. Investors should keep an eye on this stock.

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