Nidhi Granites Ltd Hits All-Time High of Rs 480 with 4.82% Daily Gain

Nidhi Granites Ltd is currently witnessing significant buying activity, marking a notable performance in the market. The stock has recorded a remarkable 4.82% increase today, significantly outperforming the Sensex, which rose by only 0.55%. Over the past week, Nidhi Granites has surged by 18.07%, while the Sensex managed a modest 0.37% gain. The stock's impressive trajectory continues with a 32.67% rise over the past month, compared to the Sensex's 5.28%.
In a striking display of strength, Nidhi Granites has achieved consecutive gains for the last six days, accumulating a total return of 24.29% during this period. Today, the stock reached a new 52-week and all-time high of Rs 480, reflecting a 4.83% increase from the previous close. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

The buying pressure may be attributed to various factors, including positive market sentiment and the company's robust performance metrics, which have consistently outpaced the broader market indices.