Mumbai, July 8 (IANS) Shares of Cupid Limited plunged 11 per cent on Wednesday after hitting a record high of Rs 226 earlier in the session, marking the stock’s biggest one-day decline in six months.

Heavy profit booking erased early gains, with the stock falling as much as 20 per cent intra-day before recovering some losses to close at Rs 197 per share.

The sharp decline marked one of the stock’s steepest single-day falls in 2026 and its biggest intra-day crash since January 2, when it had also plunged 20 per cent during the session.

The sell-off also snapped Cupid’s three-session winning streak, during which the stock had scaled fresh record highs every day and crossed the Rs 220 mark for the first time.

Despite Wednesday’s correction, the stock continues to deliver exceptional long-term returns. After remaining under pressure for more than a year, Cupid began a strong recovery in April 2025, gaining 25 per cent during the month.

Founded in 1993, Mumbai-headquartered Cupid Limited manufactures sexual wellness and personal care products.

The company operates a manufacturing facility in Sinnar, Nashik, and is the first company in the world to receive WHO/UNFPA prequalification for both male and female condoms.

It is the first company in the world to receive prequalification from the WHO and UNFPA for both male and female condoms.

The company is led by Chairman and Managing Director Aditya Kumar Halwasiya. Its product portfolio includes male and female condoms, water-based lubricant jelly, in vitro diagnostic (IVD) test kits for malaria, HIV and pregnancy, as well as FMCG products such as deodorants and hair oils.

Cupid has an annual production capacity of 480 million male condoms, 52 million female condoms and 210 million lubricant sachets.

–IANS

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