Small-cap multibagger stock Cupid Limited crashed another 20% on Monday, January 5, extending its selling streak to the second day in a row. The stock had closed at the 20% lower price band on Friday, taking its two-day fall to 35%.
Cupid shares hit the day’s low of 337.55 on the BSE today, falling 19.6% from its last closing price of 419.95 and a whisker away from the 20% lower price band of 336.
The selling pressure in the small-cap stock, which began on Friday, was after the stock exchanges BSE and NSE placed Cupid under the Long-term Additional Surveillance Measure Stage 1 framework, according to multiple media reports.
