Nidhi Granites Ltd Sees Surge in Buying Activity Amid Strong Annual Gains

Nidhi Granites Ltd is witnessing significant buying activity today, marking a notable trend in the microcap mining and minerals sector. Over the past week, the stock has gained 6.06%, outperforming the Sensex, which rose by 3.79%. In the last month, Nidhi Granites has shown a remarkable increase of 23.97%, compared to the Sensex's modest gain of 3.56%.
Despite a decline of 2.67% over the past three months, Nidhi Granites has demonstrated strong annual performance, with a 42.23% increase, significantly higher than the Sensex's 8.14%. However, year-to-date, the stock has underperformed with a drop of 30.39%, while the Sensex has gained 1.93%.

Today, the stock opened with a gap up and reached an intraday high, reflecting the current buying momentum. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. This performance indicates a mixed trend, with recent buying pressure potentially driven by market sentiment and sector-specific developments.