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 recorded a performance of 2.87%, while the Sensex has remained nearly flat at -0.01%. However, the stock's year-to-date performance reflects a decline of 20.48%, contrasting sharply with the Sensex's gain of 6.52%.
Despite the current selling pressure, Nidhi Granites has demonstrated strong performance over longer periods. The stock has surged by 443.66% over the past three years and an impressive 1508.99% over the last five years, significantly outpacing the Sensex, which has risen by 52.77% and 127.45%, respectively.

The price summary indicates that Nidhi Granites is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust historical performance. The current selling pressure may be influenced by broader market trends or sector-specific challenges, but the stock's long-term trajectory remains noteworthy.