Nidhi Granites Ltd Achieves 60% Monthly Surge Amid Strong Buying Activity

Nidhi Granites Ltd is currently witnessing significant buying activity, with the stock showing a notable performance against the broader market. Today, Nidhi Granites has gained 1.97%, outperforming the Sensex, which has risen by only 0.59%. Over the past week, the stock has surged by 8.19%, while the Sensex has declined by 1.06%. This trend continues with a remarkable 60.24% increase over the past month, compared to the Sensex's modest gain of 4.47%.
The stock has been on a consistent upward trajectory, achieving consecutive gains for the last 10 days, resulting in a total return of 21.74% during this period. Notably, the stock opened at 145.1 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, particularly in the context of its microcap status within the mining and minerals industry.