Kridhan Infra Ltd Experiences Strong Buying Activity, Achieves Fourth Consecutive Day of Gains

Kridhan Infra Ltd, a microcap player in the construction industry, is witnessing significant buying activity, with the stock gaining 4.79% today, notably outperforming the Sensex, which rose only 0.09%. This marks the fourth consecutive day of gains for Kridhan Infra, accumulating a total return of 14.8% over this period.
In terms of performance metrics, Kridhan Infra has shown resilience over the past three months, with an 18.77% increase compared to the Sensex's 7.26%. However, its year-to-date performance remains down by 16.93%, contrasting with the Sensex's positive 5.76% return. Over the last year, Kridhan Infra has achieved an 18.47% increase, while the Sensex has only managed a 2.38% rise.

The stock opened with a gap up today, indicating strong buyer sentiment, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This consistent upward trend may be attributed to various factors, including market dynamics and sector-specific developments, contributing to the heightened buying pressure observed in Kridhan Infra.