Nidhi Granites Ltd Hits All-Time High with 5% Surge, Up 116.47% Over Three Months

Nidhi Granites Ltd is currently witnessing significant buying activity, marking a notable performance in the market. The stock has recorded consecutive gains over the past five days, accumulating a remarkable 21.65% return during this period. Today, Nidhi Granites surged by 5.00%, significantly outperforming the Sensex, which only saw a modest increase of 0.05%.
In terms of price performance, Nidhi Granites opened with a gap up of 4.82% and reached an intraday high of Rs 469.75, which also represents a new 52-week and all-time high for the stock. Over the last month, the stock has shown a robust increase of 34.99%, while its year-to-date performance stands at an impressive 108.69%.

The strong buying pressure may be attributed to the stock's consistent upward trajectory, as it has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has outperformed its sector by 4.75%, indicating a positive sentiment among buyers. Overall, Nidhi Granites Ltd's performance reflects a strong market position within its industry.