Zero-Debt Burden Co To Mull Bonus Share On March 15, Shares Hit Upper Circuit

Small cap zero-debt burden company Nidhi Granites Ltd shares hit 5.00% upper circuit in trade today on BSE. Last trading price of Nidhi Granites shares on BSE is Rs 164.85 apiece. Nidhi Granites stock zoomed 67% in last 3-months and gained 131% in last 6-months. The company has a market capitalisation of Rs 65.94 crore. Check details below:

Nidhi Granites To Consider Bonus Share On March 15: As per the BSE filing of the company dated March 11, 2024, "Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Meeting of the Board of Directors of the Company will be held on Friday, 15th March, 2024 inter alia, to consider and approve the proposal of issue of bonus equity shares to the shareholders of the Company."

Nidhi Granites Shares Performance & Return: The 52-week high price of Nidhi Granites shares on BSE is Rs 169.05 per share and 52-week low price is Rs 58.50 per share, respectively. Nidhi Granites shares zoomed 32% year-to-date, soared 134% in last 1-year, gained 37% in last 2-year, and offered return of 384% in last 3-years. In last 5-years, Nidhi Granites shares jumped 417%.

Nidhi Granites Financials: The company for the quarter ended December 31, 2023 declared its consolidated total income at Rs 10.77 crore, up 22.16% as compared to last quarter total income of Rs 8.81 crore. The company announced its net profit after tax at .45 crore in the latest quarter.

Nidhi Granites About: It was originally Incorporated in the year 1981. Its key activity includes export and mining. The main goal of the company is to manufacture granite slabs and tiles.

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