Nidhi Granites Ltd Achieves 11 Consecutive Days of Gains Amid Strong Market Demand

Nidhi Granites Ltd is currently experiencing significant buying activity, with the stock showing a remarkable performance compared to the broader market. Today, Nidhi Granites has gained 1.98%, outperforming the Sensex, which has only increased by 0.22%. Over the past week, the stock has risen by 9.70%, while the Sensex has declined by 1.46%. This trend continues over a month, with Nidhi Granites up 34.41% against a 2.50% drop in the Sensex.
Notably, Nidhi Granites has achieved consecutive gains for the last 11 days, accumulating a total return of 29.98% during this period. The stock opened today at 234.15 and has maintained this price level throughout the trading session. It 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 over different time frames. Over the past three years, Nidhi Granites has surged by an impressive 614.96%, significantly outpacing the Sensex's 41.60% increase.