Cupid Ltd shares have surged significantly, reaching a record high of Rs 519.90. The smallcap FMCG company has seen a 58% rise in the past month and a 584% increase over the year. This rally follows recent company updates, including board approval for an overseas manufacturing facility in Saudi Arabia and a reduction in promoter pledged shareholding. Technical indicators suggest strong upward momentum, though the stock is in overbought territory.