By Admin 
Cupid Shares: A big decline is being seen in the domestic stock market today. In the day’s trading session, BSE Sensex fell by 2400 points and reached the level of 76500. At the same time, Nifty has fallen by 750 points and reached 23700. Indigo, Tata Motors, Asian Paints and SBI have suffered the most losses. Their shares have fallen by 5-8 percent.
Due to this huge fall in the stock market, there are reports of investors losing Rs 13 lakh crore. Amidst this outcry all around, there is one stock which is secretly making profits to its investors. Here we are talking about Cupid Limited.
The share jumped by almost 13 percent
During trading in the stock market today, the shares of Cupid Limited rose by 12.5 percent. With this the price reached Rs 90.50. There is a reason for this rise in prices. Actually, the company has recently announced to give 4 bonus shares for every share. That means if you have one share of the company, then the company will give you four shares for free in return. In this case the total number of shares you will have will become 5.
As the market opened in the morning trade, there was a decline of about 80 percent in the shares. Actually, this happened due to price adjustment due to bonus shares. Since now one share has been divided into 5 parts, its price has been given less. However, the price will increase again after the total value in the portfolio is adjusted. That means, even if you see the share down by 80 percent on the screen, in reality it is trading with a rise of 12.5 percent.
When is the record date?
The company has fixed March 9 as the record date for the bonus shares. That means today the shares are trading at ‘X Bonus’. This means that if someone buys shares today, he will not be entitled to bonus shares.
What does the company do?
The company’s product range of sexual wellness and personal care brands includes items like condoms, perfumes, hair removal creams, shower gels. The company’s products are exported to more than 90 countries. The company has also recently announced the setting up of new manufacturing units in Maharashtra and Saudi Arabia.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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