Nidhi Granites Faces Intensified Selling Pressure Amid Ongoing Price Declines

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. In terms of performance, Nidhi Granites has recorded a slight decline of 0.08% today, compared to a marginal gain of 0.13% in the Sensex. Over the past week, the stock has decreased by 1.55%, while the Sensex has shown a decline of 1.03%.
Despite a positive performance over the longer term, including a remarkable 476.04% increase over three years, the year-to-date performance of Nidhi Granites is down by 19.90%, contrasting sharply with the Sensex's gain of 5.81%. The stock has also exhibited erratic trading patterns, having not traded on one day out of the last 20 days.

Currently, Nidhi Granites is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position. The combination of these factors may be contributing to the heightened selling activity observed today.