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

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs. 327.5, reflecting a significant milestone for the microcap company in the miscellaneous industry. This achievement comes as the stock has outperformed its sector by 1%, continuing a strong upward trend with a remarkable 13.66% increase over the past week.
The company has demonstrated impressive financial metrics, boasting a high return on equity (ROE) of 22.06% and a low debt-to-equity ratio of just 0.01 times, indicating strong management efficiency. Nidhi Granites has also reported robust growth in net sales, which surged by 89.03% in its latest quarterly results, contributing to a staggering annual growth rate of 174.53%. The operating profit has similarly shown a healthy increase of 43.07%.

In the broader market context, the BSE Small Cap index is leading with a gain of 0.66%, while the Sensex opened higher today. Nidhi Granites has consistently delivered returns, outperforming the BSE500 over the last three years, with a remarkable 114.05% return in the past year alone.