Cupid Ltd shares dropped 20% on Jan. 2, 2026, ending a 13-day rally amid heavy trading and speculation.

Cupid Ltd shares fell 20% to ₹419.95 on January 2, 2026, ending a 13-day rally amid heavy trading volume, with no official reason given. The drop followed a 455% surge over the past year and came after the company announced plans to build its first overseas FMCG facility in Saudi Arabia. The stock, which remains above key moving averages, is under surveillance due to volatility. Analysts cite overbought technical indicators, while promoter activity and simultaneous declines in related stocks have fueled speculation, though no definitive cause has been confirmed.