Nidhi Granites Hits New 52-Week High Amidst Strong Buying Momentum

Nidhi Granites Ltd is currently witnessing a remarkable surge in buying activity, with the stock gaining 1.99% today, significantly outperforming the Sensex, which has declined by 0.65%. Over the past week, Nidhi Granites has achieved a notable 10.31% increase, while the Sensex has experienced a slight drop of 0.66%. The stock's performance over the last month is equally impressive, with a 33.37% rise compared to the Sensex's decline of 0.44%.
In the past three months, Nidhi Granites has soared by 76.71%, contrasting sharply with the Sensex's decrease of 1.31%. Year-to-date, the stock has gained 30.94%, while the Sensex has only managed a modest 3.79% increase. Over the last five years, Nidhi Granites has delivered an extraordinary return of 2549.44%, far exceeding the Sensex's 107.56%.

Today, the stock reached a new 52-week high of Rs. 294.75, opening at this price and maintaining it throughout the trading session. Notably, Nidhi Granites has been on a winning streak for the last eight days, accumulating a total return of 16.96% during this period. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum in its performance.