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Cupid received supply contract from CMSS; Stock up 4%

IIFL 2017-11-09 09:15:00
Cupid Ltd announced that it has received a supply contract worth Rs 24.13 Cr from CMSS (Central Medical Services Society), procurement arm for Ministry of Health, Government of India to supply male condoms. The goods would be delivered over a period of 5 months.
 
The contract was awarded based on competitive bidding in the tender and Cupid received 50% of the total quantity.
Cupid Ltd is currently trading at Rs 277.75, up by Rs 9.5 or 3.54% from its previous closing of Rs 268.25 on the BSE. 

The scrip opened at Rs 278.5 and has touched a high and low of Rs 280 and Rs 277.75 respectively.

The current market cap of the company is Rs 298.16 crore.