Business · India Bureau
Online dating platform Cupid sees stock surge to record highs
Cupid's share price has delivered exceptional returns to investors, rising sharply over the past year despite broader market headwinds. The stock has significantly outperformed benchmark indices, reaching new all-time highs.
LSN India ·
Shares of Cupid, an online dating platform, have posted impressive gains, surging 701 per cent over the past 12 months. This performance stands in stark contrast to the broader market, with the Nifty 500 index declining 4.6 per cent during the same period.
Year-to-date, the stock has climbed 228 per cent, reflecting growing investor confidence in the company's business model and growth prospects. The rally has pushed the share price to record levels, marking a significant milestone for the platform.
Over a five-year horizon, Cupid has delivered extraordinary returns, underscoring the potential in the digital dating and matrimony sector. The sustained appreciation suggests investor appetite for companies operating in this high-growth segment of the consumer internet space.
The outperformance comes as online dating and matrimony platforms continue to gain traction across India, tapping into a large addressable market. Cupid's share surge reflects broader investor optimism around the digital romance and relationship services industry.