Nidhi Granites Ltd Sees Strong Buying Momentum Amidst Mixed Short-Term Trends

Nidhi Granites Ltd is currently witnessing significant buying activity, with all trades today reflecting a strong buyer presence. Over the past week, the stock has experienced a decline of 4.98%, contrasting with the Sensex's marginal drop of 0.15%. However, Nidhi Granites has shown remarkable resilience over longer periods, boasting a 75.04% increase over the last three months, compared to the Sensex's 11.31% gain.
In terms of annual performance, Nidhi Granites has risen by 39.52% over the past year, significantly outperforming the Sensex, which has increased by 8.39%. Despite a year-to-date decline of 29.59%, the stock's three-year performance stands at an impressive 357.43%, while the five-year figure reaches 1324.72%, far exceeding the Sensex's respective gains.

Today's trading session opened with a gap up, and the stock has reached an intraday high, indicating strong buying momentum. The stock's performance today has outperformed its sector by 0.46%. Notably, while Nidhi Granites is above its 50-day and 100-day moving averages, it remains below its 5-day, 20-day, and 200-day moving averages, suggesting a mixed trend in short-term performance.