Nidhi Granites Ltd Achieves Remarkable 48.35% Monthly Gain Amid Strong Buying Activity

Nidhi Granites Ltd is currently witnessing significant buying activity, marking a notable performance in the Mining & Minerals sector. The stock has recorded a 1.99% increase today, contrasting sharply with the Sensex, which has declined by 0.09%. Over the past week, Nidhi Granites has surged by 10.38%, while the Sensex gained only 3.31%. This upward trend is further highlighted by a remarkable 48.35% increase over the past month, significantly outperforming the Sensex's 4.49% rise.
The stock has been on a consistent upward trajectory, achieving consecutive gains for the last six days, resulting in a total return of 12.52% during this period. Today, Nidhi Granites opened at 134.11 and has maintained this price level throughout the trading session, indicating strong buyer support.

In terms of moving averages, the stock is currently above its 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages. This performance suggests a potential shift in market sentiment towards Nidhi Granites, contributing to the observed buying pressure.