Nidhi Granites Faces Selling Pressure Amid Notable Price Decline and Market Shift

Jun 05 2025 03:05 PM IST
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Nidhi Granites Ltd is experiencing significant selling pressure, marking a trend reversal after six consecutive days of gains. Despite outperforming the Sensex over the past week, the stock's year-to-date performance shows a decline. Trading activity has been erratic, with today's intraday high and low reflecting market volatility.
Nidhi Granites Ltd is currently facing significant selling pressure, with today's trading session showing only sellers and a notable decline of 4.98%. This drop comes after a streak of six consecutive days of gains, marking a trend reversal for the microcap company. In comparison, the benchmark Sensex has shown a modest gain of 0.45% today.

Over the past week, Nidhi Granites has outperformed the Sensex with a 5.21% increase, but the current day's performance indicates a shift in market sentiment. Despite a strong showing over the past month and year, where the stock has gained 7.10% and 53.81% respectively, the year-to-date performance reveals a decline of 21.97%, contrasting sharply with the Sensex's 4.13% gain.

The stock's trading activity has been erratic, with no trades recorded on one day out of the last 20. Today's intraday high reached Rs 194.05, while the low fell to Rs 176. Notably, Nidhi Granites is still trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position despite the current selling pressure.
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