Cupid shares fall 2% after 131% rally in 3 months; Stock reclassified to BSE Group ‘A’

Cupid Limited shares fell 2% after a sharp 131% rally over the past three months, even as the stock was reclassified from BSE Group B to Group A following the exchange's periodic review. The company raised its FY27 revenue guidance by at least 10% to cross Rs 660 crore, up from the earlier Rs 600 crore, supported by strong Q1 FY27 momentum with quarterly revenue expected to exceed Rs 150 crore. However, the stock trades at premium valuations, with a P/E of 260.91 and RSI around 71 signalling an overbought zone, raising caution flags despite a market cap of about Rs 28,540 crore.