Cupid to Expand Condom Capacity to 320 million pieces

Cupid Ltd has announced that the Company has been sanctioned term loan from Ing Vysya Bank Ltd to carry out Expansion Plan for increase in Production Capacity of Condom from 240 million pcs p.a. to 320 million pcs p.a.

The proposed Expansion Plan is expected to be completed by the end of August 2007.

The stock was trading at Rs.66.30, up by Rs.3.15 or 4.99%. The stock hit an intraday high of Rs.66.70 and low of Rs.63.60. The total traded quantity was 218929 compared to 2 week average of 177436.

Source : Equity Bulls

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