Nidhi Granites Ltd Achieves Remarkable 85% Yearly Growth Amid Strong Market Demand

Nidhi Granites Ltd is witnessing significant buying activity, reflecting a robust performance in the market. Today, the stock has recorded a gain of 1.71%, outperforming the Sensex, which rose by 0.58%. Over the past week, Nidhi Granites has shown a 1.10% increase, while the Sensex declined by 0.20%. The stock's performance over the past month is particularly noteworthy, with a remarkable 29.54% rise compared to a mere 0.03% increase in the Sensex.
In the longer term, Nidhi Granites has demonstrated impressive growth, with a staggering 85.09% increase over the past year, while the Sensex has decreased by 2.34%. The three-year and five-year performances are equally striking, with gains of 909.31% and 2578.65%, respectively, compared to the Sensex's 37.11% and 106.77%.

Today's trading saw an intraday high, although the stock touched a low of Rs 287.15, reflecting a slight dip of 2%. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The Mining & Minerals sector, in which Nidhi Granites operates, has also gained by 2.37%, potentially contributing to the buying pressure observed.