Condom maker Cupid has entered the BSE Group ‘A’ category. Learn what it means, eligibility criteria, why the stock is rising, and what the company manufactures.
Indian personal care and healthcare products manufacturer Cupid Limited has achieved a major milestone after its shares were upgraded from the BSE Group ‘B’ category to the BSE Group ‘A’ category. The Bombay Stock Exchange (BSE) announced the reclassification during its periodic review of listed companies. The move is expected to improve the company’s visibility among retail as well as institutional investors.
Although Cupid shares witnessed some profit booking after the announcement, the stock has been one of the best performers in the market over the past year. Investors are now closely watching whether the company can continue its remarkable growth.
What is BSE Group ‘A’ Category?
The BSE Group ‘A’ category consists of some of the largest, most actively traded, and financially strong companies listed on the Bombay Stock Exchange. These companies generally have high market capitalization, good liquidity, strong corporate governance, and consistent trading activity. Being included in Group ‘A’ is considered a sign of credibility because these stocks attract greater attention from domestic mutual funds, foreign institutional investors (FIIs), insurance companies, and other large investors.
How Does a Company Become a BSE Group ‘A’ Share?
BSE reviews listed companies regularly before upgrading them to Group ‘A’. Some of the important conditions include:
- The company should normally be listed for at least three months.
- The stock must trade on nearly every trading day.
- At least 10% of the company’s shares should be held by public investors (except certain government companies).
- The company should rank among the top listed firms based on average market capitalization and trading turnover.
- It should maintain good corporate governance, regulatory compliance, and transparency.
Only the top 200 eligible companies are generally included in the BSE Group ‘A’ category.
What Does the Upgrade Mean for Cupid?
The move from Group ‘B’ to Group ‘A’ is expected to benefit Cupid in several ways:
- Better visibility among Indian and global investors.
- Higher trading volumes and improved liquidity.
- Greater participation from institutional investors.
- Increased confidence among long-term shareholders.
- Better price discovery due to active market participation.
Although the share price declined slightly after the announcement because of profit booking, market experts believe the upgrade strengthens Cupid’s long-term investment profile.
Why Has Cupid’s Share Price Increased So Much?
Cupid has delivered extraordinary returns over the past year. The stock has gained nearly 770% in one year, around 96% in 2026 (YTD), and over 8,200% during the last five years.
Several factors have contributed to this rally:
- Strong demand for the company’s healthcare and personal care products.
- Significant increase in domestic and export sales.
- Expansion into new international markets.
- Consistent growth in earnings.
- Improved investor confidence.
The company’s latest financial results were particularly impressive. During the fourth quarter, net profit increased by over 215%, while revenue more than doubled compared to the same period last year. Encouraged by strong business performance, the management has also increased its revenue guidance for FY2027.
What Does Cupid Manufacture?
Cupid Limited is one of India’s leading manufacturers of male condoms, female condoms, water-based lubricating jelly, diagnostic medical products, and personal care products. The company exports its products to more than 100 countries and supplies various international organizations, government healthcare agencies, NGOs, and public health programmes. Apart from contraceptive products, Cupid has also expanded into medical diagnostics and consumer wellness products in recent years.
Why is Cupid Called a Condom Manufacturing Company?
Cupid is popularly known as a condom manufacturing company because condoms remain its flagship business. The company is among the few manufacturers globally that produce both male and female condoms. It has received several international quality certifications and regularly supplies condoms through global healthcare programmes supported by organizations such as the United Nations and public health agencies. Its expertise in reproductive healthcare has helped the company establish a strong reputation in both domestic and overseas markets.
List of Some Popular BSE Group ‘A’ Shares (2026)
Some well-known companies currently classified under the BSE Group ‘A’ category include:
| Company |
|---|
| Reliance Industries |
| Tata Consultancy Services (TCS) |
| HDFC Bank |
| Infosys |
| ICICI Bank |
| Larsen & Toubro (L&T) |
| Bharti Airtel |
| State Bank of India (SBI) |
| ITC Limited |
| Sun Pharmaceutical Industries |
| Tata Motors |
| Mahindra & Mahindra |
| Axis Bank |
| Bajaj Finance |
| Cupid Limited (Recently Added) |
Companies That Have Been Added to BSE Group ‘A’ in Recent Years
Every year, BSE reviews listed companies and upgrades eligible stocks based on market capitalization, liquidity, and trading activity. In recent years, several fast-growing companies from sectors such as manufacturing, defence, healthcare, renewable energy, financial services, and consumer products have moved into the Group ‘A’ category after meeting the exchange’s eligibility criteria. Cupid is one of the latest companies to receive this recognition.
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