Nidhi Granites Faces Intense Selling Pressure Amidst Ongoing Losses and Market Concerns

Nidhi Granites Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past week, Nidhi Granites has recorded a modest gain of 0.60%, while the benchmark Sensex has declined by 1.04%. However, the stock's performance over the last month shows a gain of 2.32%, contrasting with the Sensex's increase of just 1.01%.
Despite its recent struggles, Nidhi Granites has demonstrated remarkable performance over longer periods, with a staggering 384.27% increase over three years and an impressive 1408.31% rise over five years. Yet, year-to-date, the stock is down 25.46%, while the Sensex has gained 4.07%.

The erratic trading pattern, with the stock not trading on one day out of the last 20, may contribute to the current selling pressure. Additionally, Nidhi Granites is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position. As the stock continues to navigate these challenges, the focus remains on its performance metrics relative to the broader market.