Cupid Ltd Shares Rally to Record Highs Amidst International Expansion Plans
1 hour agoBusiness
30LENS
4 SourcesSaudi Arabia
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Cupid Ltd Shares Rally to Record Highs Amidst International Expansion Plans

Cupid Ltd's shares have experienced a significant rally, extending a winning streak to 15 consecutive sessions and reaching new all-time highs. This surge follows the company's announcement of plans to establish its first overseas FMCG manufacturing facility in Saudi Arabia, aimed at boosting global expansion and improving supply chain efficiency in the GCC region. Promoter confidence has also reportedly strengthened with a reduction in pledged shares. Analysts suggest considering profit-taking at current levels due to the stock trading in overbought territory.

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