Nidhi Granites Ltd Experiences Strong Buying Activity Amid Significant Price Gains

Nidhi Granites Ltd is currently witnessing significant buying activity, with the stock gaining 4.91% today, outperforming the Sensex, which saw a marginal increase of just 0.01%. Over the past week, Nidhi Granites has shown a robust performance, rising 15.60%, while the Sensex declined by 0.44%. This trend continues over a month, with the stock up 17.52% compared to a slight drop of 0.24% in the Sensex.
Notably, Nidhi Granites has experienced consecutive gains for the last five days, accumulating a total return of 13.93% during this period. The stock reached an intraday high of Rs 205.25, reflecting a 3.4% increase. In terms of moving averages, Nidhi Granites is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend.

The buying pressure may be attributed to various factors, including positive market sentiment and the stock's impressive performance over longer time frames, such as a staggering 567.47% increase over three years and an extraordinary 1771.91% rise over five years.