Nidhi Granites Achieves 52-Week High Amid Broader Market Decline, Showcases Strong Financial Health

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs. 283.5, marking a significant milestone for the microcap company in the miscellaneous industry. This achievement comes amidst a broader market context where the Sensex has experienced a decline, falling by 451.23 points to 81,500.25.
The stock has shown impressive performance, outperforming its sector by 2.84% and achieving a remarkable 12.5% return over the past six consecutive days. Nidhi Granites is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.

In terms of financial health, Nidhi Granites boasts a high return on equity (ROE) of 22.06% and a low debt-to-equity ratio of 0.01 times, reflecting efficient management. The company has reported robust growth in net sales, with an annual increase of 174.53%, and a notable operating profit growth of 43.07%.

With a one-year performance of 70.78%, significantly outpacing the Sensex's 0.56%, Nidhi Granites continues to demonstrate its market resilience and operational strength.