Nidhi Granites Faces Intense Selling Pressure Amidst 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. Over the past week, Nidhi Granites has declined by 0.61%, while the Sensex has gained 0.73%, highlighting a stark contrast in performance.
In the past month, Nidhi Granites has managed a gain of 8.65%, outperforming the Sensex's 7.21%. However, the year-to-date performance reveals a troubling decline of 27.14% for Nidhi Granites compared to the Sensex's modest gain of 3.41%. Over longer periods, the stock has shown impressive growth, with a three-year increase of 373.30% and a five-year surge of 1374.16%.

Despite these historical gains, the current selling pressure may be attributed to various factors, including market sentiment and sector-specific challenges. Today, Nidhi Granites is trading below its sector average by 0.71%, although it remains above its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.