Nidhi Granites Ltd Achieves 11-Day Winning Streak with 24.17% Total Return

Nidhi Granites Ltd is currently witnessing significant buying activity, marking a notable performance in the mining and minerals sector. The stock has shown consecutive gains over the past 11 days, accumulating a total return of 24.17% during this period. Today, Nidhi Granites opened with a gap up of 2%, reaching an intraday high of Rs 148, reflecting a 2% increase from the previous close.
In terms of performance relative to the Sensex, Nidhi Granites has outperformed the index across various time frames. Over the past day, the stock rose by 2.00%, while the Sensex declined by 0.34%. In the past week, it gained 8.20% compared to a 1.61% drop in the Sensex. Over the last month, Nidhi Granites surged by 55.67%, significantly outperforming the Sensex's 4.47% increase.

Despite a challenging three-month performance, where the stock fell by 37.64% against a 3.62% decline in the Sensex, its long-term performance remains robust. Over the past three years, Nidhi Granites has appreciated by 185.44%, compared to the Sensex's 28.81%. The stock's current trading position is above its 5-day, 20-day, and 50-day moving averages, indicating a short-term bullish trend.