Short term swing trade (C): FMCG stock | 6-8% target | Indian stock trading advice on 2 Dec 2025

NOTE

Closing Price: ₹349 (as of Dec 1, 2025)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Cupid Limited designs, manufactures, markets, and exports male and female condoms in India. The company offers water based lubricant jellies; in vitro diagnostic kits, including rapid diagnostic, viral transport medium, typhoid antibody, syphilis antibody, HIV 1 and 2 kit antibody, dengue IgG/IgM, malaria Pf-Pv and Pf-PAN antigen, hepatitis B (HbsAg) antigen, hepatitis C (HCV) antibody, pregnancy detection testing kit, LH ovulation testing kit, and dengue NS1 testing kit; and personal care products including deodorants, perfumes, toilet sanitizers, menstrual cups, petroleum jelly, hair and body oils, and hair removal sprays. It also exports its products to countries in Africa, Europe, Asia-Pacific, North America, Middle East, and South America. The company was formerly known as Cupid Condom Limited and changed its name to Cupid Limited in January 2006. The company was incorporated in 1993 and is based in Nashik, India.

Website: https://www.cupidlimited.com/

Q2 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Record-Breaking Quarter: Cupid Limited posted its best-ever results with total income up 91% to ₹90.23 crore and net profit soaring 140% to ₹24.12 crore YoY.
Massive Profit Surge: EBITDA jumped 176% to ₹28.41 crore, with margins expanding by 900 bps to 34%, reflecting strong operational efficiency.
Broad-Based Revenue Growth: Operating income grew 103% to ₹84.45 crore, supported by solid performance in India FMCG, B2B Exports, and the IVD segment.
Capacity Expansion in Progress: The company is increasing its production capacity to meet rising demand while preserving healthy margins.
Strong FY26 Guidance: Management expects FY26 revenue of ₹335 crore and net profit above ₹100 crore, signaling continued strong growth ahead.

Financial Highlights

Metric	Q2 FY26	Q1 FY26	Q2 FY25	QoQ Growth (%)	YoY Growth (%)
Total Income (₹ Cr)	90	65	47	39.40%	90.80%
Operating Income (₹ Cr)	84	60	42	41.40%	103.00%
EBITDA (₹ Cr)	28	17	10	72.00%	176.00%
EBITDA Margin (%)	34%	28%	25%	+6.0 pp	+9.0 pp
Net Profit (₹ Cr)	24	15	10	60.80%	140.30%
Net Profit Margin (%)	29%	25%	24%	+4.0 pp	+5.0 pp

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

After a long consolidation phase, the stock formed a rounding bottom pattern.
Following a strong breakout in July 2025, it surged sharply to reach an all-time high.

For investors searching stock recommendations for short term, momentum-driven setups often deliver quick and clean trades.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	76.03	Overbought
CCI-14	86.51	Neutral
MFI	93.14	Overbought
ROC	21.21	Positive
Stochastic %K	87.33	Neutral
William %R	-2.79	Overbought

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	346.25	Above
10 EMA	342.15	Above
20 EMA	338.33	Above
50 EMA	331.54	Above
100 EMA	317.18	Above
200 EMA	292.22	Above

Conclusion

Cupid Stock Price Forecast

Based on our short term swing trading idea, the Cupid Stock Price target will be INR 365 - INR 370 in the next 10-12 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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