This micro-cap company announces significant acquisition news!

The scrip witnessed massive spurt in volume.

On Friday, shares of Nidhi Granites surged more than 4.5 to per cent to trade on a new 52-week high of Rs 105 apiece on BSE. The scrip witnessed massive spurt in volume.

On May 10, 2023, the company notified the exchange of its successful acquisition of 100 per cent equity shares of Yug Fashion Garments Private Limited. As a result of this acquisition, Yug Fashion Garments has now become a wholly-owned subsidiary of the company. The acquisition was made to diversify the company's investment portfolio into different lines of business and expand its revenue streams.

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Nidhi Granites Ltd is a manufacturer of granite and marble slabs, tiles, and sandstone and limestone products. Their product profile includes Grey Sandstone, Granites, Marbles, Granite Blocks, Rajasthan black granite, Floor Marble, Sandstone Marbles and many more.

In the past 3 years, the stock has witnessed significant buying activity as it has given multibagger returns of more than 350 per cent. Over the past 1 year, the stock has surged close to 50 per cent. Keep a close eye on this trending multibagger stock.