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Cupid shares jump 6%, extend rally to 11% in one week as company raises FY27 revenue guidance after strong Q1 biz update

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Cupid shares jump 6%, extend rally to 11% in one week as company raises FY27 revenue guidance after strong Q1 biz update
Shares of Cupid rose 6% to Rs 210.90 apiece on the NSE on Monday, extending its week-long rally to over 11%. The stock has been on an uptrend since the announcement of its business update for the June 2026 quarter.

According to the filing with the exchange, the company is on track to deliver revenue exceeding Rs 150 crore in the first quarter of FY27, marking one of the strongest quarterly performances in its history.

Cupid said that, driven by this exceptional start to the financial year and improved visibility across international & domestic markets, the management has revised its FY27 revenue outlook upward by a minimum of 10%, which means that the company expects FY27 revenue of more than Rs 660 crore, up from its earlier guidance of Rs 600 crore.

Also Read | Diamond Power Infrastructure shares jump 10% after Rs 435 crore order for Hyderabad data centre projects

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The revised outlook reflects growing confidence in the company’s diversified business model, expanding global opportunity pipeline and increasing operating scale across multiple business verticals.


According to the company, growth is expected to be supported by expanding opportunities in international B2B healthcare markets, driven by demand from institutional buyers, private sector customers and government procurement programmes.
This outlook is further supported by the commencement of its long-term supply agreement with the Partnership for Supply Chain Management (PFSCM), Netherlands, which the company said strengthens its position in global healthcare procurement.The company also highlighted growing opportunities in its lubricant portfolio, driven by increasing acceptance across institutional and consumer channels. It said its consumer business offers significant long-term potential as it continues to expand its personal care and wellness brand across modern trade, organised retail and pharmacy networks across Bharat.

Cupid said it sees strong order visibility across private markets, institutional business and international tenders spanning multiple geographies. It expects sustained growth in its male and female condom businesses, driven by expanded manufacturing capacity, new customer additions and a broader market reach built over the past 12 months.

The company also said it is making steady progress in its In Vitro Diagnostics (IVD) business. While near-term growth expectations remain conservative, it expects the segment to become a meaningful contributor over the coming years, supported by regulatory approvals, new product launches and continued commercialisation efforts.

“Our strong start to FY27 reflects the transformation Cupid has undergone over the past few years. We have built a diversified business with multiple growth engines that are now beginning to scale together,” said Aditya Kumar Halwasiya, Chairman and Managing Director, Cupid.

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Halwasiya further said, “We are seeing strong momentum across our international B2B business, supported by expanding opportunities in private markets, institutional procurement, and government tenders across the world. Our strategic relationship with PFSCM has commenced on a very encouraging note and further strengthens our long-term position in global healthcare procurement.”

He added that, backed by a strong order book, improving visibility across international markets and a robust pipeline of opportunities, the company has revised its medium-term revenue outlook upward. “At the same time, we believe our projections remain conservative, leaving room for additional upside as execution continues and new opportunities materialise,” he said.

In the last two weeks, the shares of Cupid were up 16.14% and by over 52% in the last month.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Palantir’s CTO believes Chinese AI models could pose an economic threat to the US

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Palantir’s CTO believes Chinese AI models could pose an economic threat to the US

Palantir CTO Shyam Sankar stated that China has advanced its artificial intelligence capabilities by developing new models through unauthorized means. This development signifies a significant escalation in global AI competition, highlighting concerns over intellectual property breaches and the potential impact on technological leadership. The move underscores the importance of safeguarding innovation in the rapidly evolving AI landscape.

Palantir’s CTO has expressed concerns that Chinese AI models could pose significant economic risks to the United States. As China accelerates its development of advanced artificial intelligence technologies, there is growing concern over the potential for these models to undermine American competitiveness. Chinese AI innovations are rapidly progressing, closing the innovation gap and creating new strategic advantages for China in the global economy.

The CTO highlighted that Chinese AI models could be used to enhance espionage, cybersecurity threats, and economic espionage, potentially compromising US businesses and government operations. This increased capability might lead to a loss of technological edge, threatening America’s leadership in key industries. The worry extends to the potential for China to leverage AI for economic dominance in sectors like finance, manufacturing, and defense.

To counter these risks, Palantir advocates for stronger investments in AI research and development within the US. Enhancing domestic AI capabilities and establishing robust regulatory frameworks are seen as essential steps to safeguard national security and maintain economic stability. The official emphasized that staying ahead in AI is vital to ensuring America’s technological and economic resilience amid global competition.

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Thailand’s 2027 Action Plan Targets High-Value Tourism Growth

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Thailand's 2027 Action Plan Targets High-Value Tourism Growth

Thailand’s Tourism Minister introduced the 2027 Action Plan, emphasizing high-value tourism growth through innovation, data integration, and targeting premium markets, while promoting sustainability and year-round travel.


Key Points

  • Overview of the Action Plan: Minister Surasak Phancharoenworakul launched the Tourism Authority of Thailand (TAT) Action Plan 2027 in Bangkok on July 13, 2026, focusing on positioning Thailand as a high-value tourism destination. Key officials, including Permanent Secretary Natthriya Thaweevong and TAT Governor Thapanee Kiatphaibool, highlighted strategic marketing policies and tourism’s role in the economy.
  • Strategic Guidelines: The action plan emphasizes four strategic guidelines: elevating Thailand as a high-value destination, enhancing competitiveness through market balance, advancing the industry via data and innovation, and developing a high-performance organization. Integration of data, technology, and AI is crucial for sustainable travel experiences.
  • Focus on Transformation: The TAT identified 2027 as “The Year of Transformation,” shifting its focus from tourist volume to high-value travelers through targeted demographics, promoting secondary cities, and developing sustainable tourism. An upcoming Market Briefing on July 21, 2026, will connect local operators with global market opportunities, with detailed marketing directions to be announced in August 2026.

Tourism Minister Outlines 2027 Action Plan to Position Thailand as a High-Value Destination

Minister of Tourism and Sports Surasak Phancharoenworakul opened the Tourism Authority of Thailand Action Plan 2027 meeting in Bangkok on July 13, 2026. He was joined by Permanent Secretary and Board Chairwoman Natthriya Thaweevong and TAT Governor Thapanee Kiatphaibool to present strategic marketing policies to position Thailand as a high-value regional destination.

​The minister emphasized tourism’s role as a primary economic driver and outlined four guidelines for quality, balanced, and sustainable growth: elevating Thailand as a high-value destination, increasing competitiveness through market balance, advancing the industry with data and innovation, and building a high-performance organization. Permanent Secretary Natthriya supported this vision, highlighting the importance of integrating data, technology, and artificial intelligence in planning to strengthen national competitiveness and provide sustainable travel experiences.

​The TAT Governor announced 2027 as “The Year of Transformation” for the agency. The strategy shifts focus from tourist volume to high value through four pillars: targeting high-value demographic segments, promoting year-round travel and secondary cities with experience-based marketing, developing new growth engines such as creative culture and sustainable tourism, and transforming the agency into an agile, data-driven organization.

​After internal planning, the TAT will host a Market Briefing and Tourism Clinic at the Queen Sirikit National Convention Center on July 21, 2026. This event will enable local operators to connect with overseas directors, build networks, and explore global market opportunities. The official 2027 tourism marketing direction will be announced to industry partners and the public in August 2026.

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Source : Tourism Minister Outlines 2027 Action Plan to Position Thailand as a High-Value Destination

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Russia stocks higher at close of trade; MOEX Russia Index up 0.75%

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Russia stocks higher at close of trade; MOEX Russia Index up 0.75%

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Japan to vow coordination with US on weak yen in historic battle

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Japan to vow coordination with US on weak yen in historic battle

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Ukrainian drone kills one child, injures two in playground in Russia’s Belgorod region

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Ukrainian drone kills one child, injures two in playground in Russia’s Belgorod region

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AstraZeneca and Bristol-Myers Squibb in talks over potential merger – Report

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AstraZeneca and Bristol-Myers Squibb in talks over potential merger – Report

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Idaho mass shooter died from self-inflicted gunshot, police say

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Idaho mass shooter died from self-inflicted gunshot, police say

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Growth slows in Perth housing market

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Growth slows in Perth housing market

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AstraZeneca holds talks with Bristol Myers Squibb on $400 billion megadeal, FT reports

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AstraZeneca holds talks with Bristol Myers Squibb on $400 billion megadeal, FT reports

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These 9 equity mutual funds delivered over 10% returns in July. Did you invest in any of them?

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The Economic Times

Technology-focused mutual funds dominated the performance charts in July, with nine equity schemes delivering returns of over 10%. HDFC Technology Fund topped the list with a 16.91% gain, while international funds accounted for most of the double-digit losers during the month.

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