Shares of Cupid, a prominent multibagger stock, witnessed a dramatic trading session on Monday, August 17, 2026. The scrip initially plunged by nearly 20% to an intraday low of Rs 235. However, a strong recovery followed, lifting the stock 14% from its lowest point to Rs 268.
Despite the rebound, Cupid shares were still trading down 8.41% by 3:15 PM IST. The day's trading activity was marked by exceptionally high volumes, with 69.44 lakh shares changing hands. This figure more than doubled the stock's two-week average trading volume of 31.10 lakh shares, indicating intense investor interest and price discovery around its all-time high levels.
Recent Performance and Block Deals
Cupid has been a strong performer in 2026, with its shares climbing 155% year-to-date. Over the past six months, the stock has surged an impressive 211.35%, and over the last year, it has delivered returns of 688%. This consistent growth has earned it the 'multibagger' status.
Adding to the day's market dynamics, the stock had previously seen block deals on Friday. Reports from CNBC TV-18 suggested that Aditya Halwasiya, a significant stakeholder in Cupid, was a likely buyer in a separate block deal involving Baazar Style Retail Ltd, another listed entity. As per BSE shareholding data from the June quarter, Halwasiya held 44,76,22,150 shares, representing a 33.29% stake in Cupid.
Market Implications
The sharp intraday swings and high trading volumes underscore the speculative nature and investor attention surrounding Cupid shares. Such volatility often accompanies stocks trading near all-time highs, as investors react to new information, profit-taking, or fresh buying interest.