Multibagger stock: Pharma share close to record high after 250% rally in YTD

livemint.com:

Stock market today: Shares of Cupid Ltd are one of the multibagger stocks that Indian stock market has delivered in 2023. In year-to-date (YTD) time, tghis multibagger stock has risen to the tune of 250 per cent. However, it seems that the pharma stock has still some steam left.

Cupid share price today opened upside and went on to hit intraday high of ₹914 apiece levels, logging near 6 per cent rise against its Monday close of ₹863 on NSE. While climbing to its intraday high, the multibagger stock missed to climb to a new high by a whisker as its current life-time high if ₹925 per share. Also Read: IRCTC share price retraces after technical breakout.

Good opportunity to buy? However, Cupid share price soon came under the profit booking stress and touched intraday low of ₹865 per share on NSE. Currently, this multibagger stock is quoting around 890 per share levels, which means the stock witnessed buying interest among stock marekt bulls after hitting the intraday low during Tuesday deals. As mentioned above, Cupid shares are one of the multibagger stocks of Indian stock market.

In last one month, this pharma stock has risen from around ₹748 to ₹914 apiece levels, logging near 20 per cent rise in this time. In last six months, this pharma company share has surged from near ₹246 per share levels to ₹914 per share levels, ascending to the tune of 275 per cent in this time. In YTD time, this multibagger pharma stock has shot up from ₹268.50 to ₹914 per share levels, delivering around 250 per cent return to its shareholders in 2023.