New Delhi, March 17 -- Cupid, a small-cap stock with a market capitalisation of Rs.10,622 crore, remained higher for the second straight day on Tuesday, March 17, surging another 3% to the day's high of Rs.80.95 apiece after the company announced the commencement of its development programme for a nitrile (NBR) female contraceptive, aimed at entering and diversifying the currently single-supplier global nitrile female contraceptive market.

The company also announced a strategic branding alignment centred on the proposition "Made in India" with "Japanese Quality," reinforcing its commitment to combining India's strong manufacturing capabilities with globally recognised standards of precision, reliability, and product excellence, according...