Nitco Shares Rally Strong on CFO Exit and Sales Growth

Nitco Ltd. stock was one of the biggest gainers on the NSE yesterday as its shares surged about 14 % on strong buying interest. The sharp move came after the company announced the resignation of its Chief Financial Officer, Sitanshu Satapathy, triggering renewed investor optimism. Despite the broader NSE Nifty50 trading in a weak market, Nitco shares hit an intraday high near ₹94.9 on heavy volumes. The rally was also supported by news that the company reported robust sales growth in December 2025, with approximately 85 % month-on-month expansion. This combination of corporate news and improving demand fundamentals helped Nitco outperform most counters on a down day. The stock’s bounce recovered a portion of its recent decline from 52-week lows, showing resilience amid volatility. Traders noted that the tiles, marble and mosaic segment player drew fresh interest even as broader indices struggled. Overall market sentiment remained cautious, but Nitco’s strong headline news drove the uptick. Investors will now watch how the leadership change affects near-term strategy. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only .Investors must verify information before investing and consider their financial position and risk profile. please read full disclosure disclaimer.