Nidhi Granites Achieves All-Time High Stock Price, Signaling Strong Market Position

Nidhi Granites has made headlines today as its stock price reached an all-time high of Rs. 289, marking a significant milestone for the microcap company in the miscellaneous industry. The stock has shown remarkable performance, outperforming its sector by 1.1% and achieving a consecutive gain over the past seven days, with a notable increase of 14.68% during this period.
In terms of performance metrics, Nidhi Granites has consistently exceeded key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock's one-day performance stands at 1.94%, significantly outpacing the Sensex's 0.46%. Over the past month, Nidhi Granites has delivered an impressive 30.77% return, while its three-month performance shows a remarkable 73.26% increase.

The company has demonstrated strong financial health, with a high return on equity (ROE) of 22.06% and a low debt-to-equity ratio of 0.01 times. Additionally, Nidhi Granites reported a substantial growth in net sales, with a year-on-year increase of 89.03%, reflecting its robust operational performance. Overall, Nidhi Granites continues to showcase a strong market position and impressive financial metrics.