Nidhi Granites Ltd Sees Significant Buying Activity Amidst Strong Price Gains

Nidhi Granites Ltd is currently witnessing significant buying activity, with the stock showing a 2.00% increase today, outperforming the Sensex, which rose by 0.61%. Over the past week, Nidhi Granites has gained 6.05%, while the Sensex increased by 2.81%. Notably, the stock has experienced consecutive gains for the last two days, accumulating a total return of 3.98% during this period.
In terms of price performance, Nidhi Granites opened with a gap up of 2% today, starting at Rs 123.93, which also marked the intraday high for the day. The stock has maintained this price level throughout the trading session, indicating a lack of volatility.

Despite a challenging three-month performance, where the stock declined by 43.92%, its one-year performance shows a positive return of 20.12%, significantly higher than the Sensex's 5.28% increase. The stock's performance over longer periods is also noteworthy, with a remarkable 1013.98% increase over the past five years compared to the Sensex's 153.73%.

The strong buying pressure may be attributed to various factors, including recent market trends, sector performance, and investor sentiment towards the mining and minerals industry.