There are many stocks on the stock market with growth potential (Multibagger Stocks) that can change investors' fortunes and quickly bring them significant profit. One such example is the share of Cupid Limited, a company that produces condoms. Investors who invested only 100 thousand rupees in this stock were able to become millionaires in just five years.
The price of Cupid Limited shares grew from ₹2 to ₹319. These investors achieved an impressive return of 14077% over five years. On October 22, 2021, the cost of one share was 2.25 rupees, and on Thursday, it closed at 319 rupees.
Calculating the profit gained from this multibagger over the last five years, it can be seen that if an investor had invested 100 thousand rupees at a price of 2.25 rupees five years ago and kept their assets, their amount would have increased to 1,417,700 rupees, making them a millionaire.
The recent drop in Cupid shares occurred due to a general downturn in the stock market on Thursday. The share price decreased by 6.38%, closing at 319 rupees. Despite this recent decline, the price has risen by 24% in the last month. The company's market capitalization is 43.040 crore rupees.
Investors also achieved significant success in a shorter period. In one year, investors earned more than six times more in Cupid shares. This was possible because the share price rose from 48.20 rupees to 319 rupees, providing investors with a multibagger return of 561%.
Cupid Ltd's main revenue comes from global exports (under contracts with UNFPA, WHO, and South African governments) and from the growth of its retail network (B2C FMCG) in India. Cupid Limited is a leading Indian company engaged in the manufacturing and export of male and female condoms, water-based lubricants, in vitro diagnostic kits (IVD kits), and FMCG health products.