Nidhi Granites Achieves 52-Week High Amid Strong Financial Performance and Market Interest

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs. 289, marking a significant milestone for the microcap company. This achievement comes after a robust performance, with the stock outperforming its sector by 1.01% and gaining 14.68% over the past week alone.
The company has demonstrated impressive financial metrics, including a remarkable annual growth rate in net sales of 174.53% and an operating profit growth of 43.07%. In its latest quarterly results, Nidhi Granites reported net sales of Rs. 19.81 crore and an operating profit margin of 16.00%, showcasing its operational efficiency.

With a high return on equity (ROE) of 22.06% and a low debt-to-equity ratio of 0.01 times, Nidhi Granites is positioned favorably in the market. Over the past year, the stock has delivered a remarkable 71.01% return, significantly outpacing the Sensex, which has only seen a 0.62% increase during the same period.

As the market remains positive, Nidhi Granites continues to attract attention for its strong performance and solid fundamentals.