Nidhi Granites Achieves 52-Week High Amid Strong Market Performance and Stability

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs. 259, marking a significant milestone for the microcap company in the miscellaneous industry. This achievement comes after a strong performance over the past four days, during which the stock has gained 7.67%. Notably, Nidhi Granites has outperformed its sector by 1.5%, indicating robust market activity.
The stock opened at Rs. 259 and has maintained this price throughout the trading session, reflecting stability in its current valuation. Furthermore, Nidhi Granites is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its performance metrics.

In the broader market context, the Sensex opened higher at 80,492.17, gaining 256.58 points (0.32%), although it is currently trading slightly lower at 80,409.64 (0.22%). The BSE Mid Cap index is leading the market with a gain of 0.47%. Over the past year, Nidhi Granites has shown impressive growth, with a performance increase of 56.78%, significantly outpacing the Sensex's 1.82% rise. The stock's 52-week low stands at Rs. 86.2, highlighting its remarkable recovery and growth trajectory.