Nidhi Granites Ltd Experiences Strong Buying Activity Amidst Broader Market Decline

Nidhi Granites Ltd, a microcap player in the Mining & Minerals sector, is witnessing significant buying activity, marking a notable performance against the broader market. Today, the stock has increased by 1.99%, while the Sensex has dipped slightly by 0.03%. Over the past week, Nidhi Granites has surged by 10.37%, significantly outperforming the Sensex's 0.88% gain. In the last month, the stock has shown remarkable growth of 54.07%, compared to the Sensex's 5.99%.
The stock has been on a strong upward trajectory, with consecutive gains for the last eight days, accumulating a total return of 17.05% during this period. Notably, the stock opened at 139.51 and has maintained this price level throughout the trading session, indicating strong buyer support.

In terms of moving averages, Nidhi Granites is currently above its 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages. This performance suggests a potential shift in market sentiment towards the stock, possibly driven by recent developments in the mining sector or company-specific news.