Nidhi Granites Achieves All-Time High Stock Price, Signaling Strong Market Confidence

Nidhi Granites has made headlines today as its stock price reached an all-time high of Rs. 306, marking a significant milestone for the microcap company in the miscellaneous industry. The stock has shown remarkable performance, outperforming its sector by 1.94% and achieving a consecutive gain over the last 10 days, with returns of 21.43% during this period.
Opening with a 2% gain, Nidhi Granites has maintained its price throughout the trading day, reflecting strong market confidence. The stock's performance metrics are impressive, with a 1-day increase of 2.00%, a 1-week rise of 7.94%, and a staggering 83.29% increase over the past three months. Over the last year, the stock has generated returns of 87.73%, significantly outperforming the broader market.

Financially, Nidhi Granites showcases high management efficiency with a return on equity (ROE) of 22.06% and a low debt-to-equity ratio of 0.01. The company has reported robust growth in net sales, with an annual growth rate of 174.53%, and has recently declared positive quarterly results, further solidifying its market position.