Nidhi Granites Achieves 52-Week High Amid Strong Market Momentum and Growth Indicators

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs. 346.8, marking a significant milestone for the microcap company in the miscellaneous industry. This achievement comes after a remarkable performance, with the stock gaining 20.35% over the past ten days and outperforming its sector by 1.13% today.
The stock opened with a 2% gain and maintained its price throughout the trading session, reflecting strong market momentum. Nidhi Granites has consistently demonstrated robust financial health, highlighted by a high return on equity (ROE) of 22.06% and a low debt-to-equity ratio of just 0.01 times. The company has also reported impressive growth in net sales, with an annual increase of 174.53%, and a significant operating profit growth of 43.07%.

In the broader market context, while the Sensex is experiencing a slight decline, small-cap stocks are leading the way, with the BSE Small Cap index up by 0.53%. Nidhi Granites' strong performance over the past year, with a return of 126.52%, further underscores its position as a standout player in the market.