Nidhi Granites Achieves 52-Week High Amid Strong Financial Growth and Market Confidence

Nidhi Granites has made headlines today as it reached a new 52-week high of Rs. 309.05, marking a significant milestone for the microcap company in the miscellaneous industry. The stock has shown impressive performance, outperforming its sector by 1.97% and achieving a consecutive gain over the last four days, with a total return of 7.25% during this period.
Opening with a 2% gain, Nidhi Granites maintained its price throughout the trading session, reflecting strong market confidence. The company has demonstrated remarkable growth metrics, with net sales increasing at an annual rate of 174.53% and operating profit rising by 43.07%. In the most recent quarter, net sales reached an all-time high of Rs. 19.81 crore, while profit after tax surged by 369.1% compared to the previous four-quarter average.

Despite the broader market fluctuations, with the Sensex experiencing a decline, Nidhi Granites stands out with a one-year performance of 99.84%, significantly outperforming the Sensex's -1.99%. The company’s low debt-to-equity ratio of 0.01 times and high return on equity of 22.06% further underscore its strong financial health and management efficiency.