Market in Red but Condom-Maker Cupid Jumps 15%: Here’s the Reason Behind the Surge
While Indian stock markets witnessed a major decline on Monday, shares of Cupid Limited surged sharply by nearly 15%, catching the attention of investors and market analysts. The rally came after the company announced a 4:1 bonus share issue, which means shareholders will receive four additional shares for every one share they currently hold. This…