Onix Solar Energy Ltd Hits All-Time High at Rs.687, Marking a Remarkable Milestone

Record-Breaking Price Movement

On 9 Jan 2026, Onix Solar Energy Ltd's stock price surged to Rs.687, marking both a new 52-week and all-time high. The stock opened with a 2.00% gain and maintained this level throughout the trading session, touching an intraday high of Rs.687. This price movement represents a continuation of a remarkable rally, with the stock having gained consistently for the past 21 trading days.

Over this 21-day period, the stock has delivered an impressive return of 162.51%, significantly outperforming its sector and broader market benchmarks. Despite underperforming the Non - Ferrous Metals sector by 0.54% on the day, the stock's overall momentum remains strong, supported by its position above all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

Comparative Market Performance

Onix Solar Energy Ltd's performance over various time frames highlights its exceptional growth trajectory. The stock outpaced the Sensex by a wide margin, delivering a 2.00% gain on the day compared to the Sensex's decline of 0.11%. Over the past week, the stock surged 20.42%, while the Sensex fell by 1.95%. The one-month return of 175.63% dwarfs the Sensex's modest decline of 0.68%.

Longer-term performance further underscores the stock's strength. Over three months, Onix Solar Energy Ltd rose 147.39% against the Sensex's 2.33% gain. The one-year return stands at 124.44%, significantly higher than the Sensex's 8.33%. Year-to-date, the stock has advanced 32.75%, while the Sensex has declined 1.33%. Over three, five, and ten years, the stock has delivered extraordinary returns of 1036.48%, 9521.85%, and 3309.43% respectively, vastly outperforming the Sensex's corresponding returns of 38.42%, 72.37%, and 237.24%.

Sector and Market Context

The Non - Ferrous Metals sector, in which Onix Solar Energy Ltd operates, gained 2.9% on the day, indicating a broadly positive environment for metal stocks. Despite the sector's outperformance, Onix Solar Energy Ltd's 2.00% gain was slightly below the sector average, though it still outperformed the Sensex by a notable margin.

The company’s market capitalisation grade stands at 4, reflecting a solid market presence within its sector. The recent upgrade in its Mojo Grade from Sell to Hold on 1 Jan 2026, with a current Mojo Score of 50.0, indicates an improved assessment of the stock’s quality and market standing.

Technical Strength and Momentum

Onix Solar Energy Ltd’s stock price trading above all major moving averages signals strong technical momentum. The 5-day, 20-day, 50-day, 100-day, and 200-day moving averages all lie below the current price level, reinforcing the bullish trend. The stock’s consistent upward trajectory over the last 21 days, with a cumulative gain exceeding 160%, highlights sustained investor confidence and robust price action.

The opening gap up of 2% on the day further emphasises the positive sentiment surrounding the stock, as it started the session at its new high and maintained this level throughout trading.

Historical Performance and Long-Term Growth

Onix Solar Energy Ltd’s extraordinary long-term returns place it among the top performers in its sector and the broader market. The stock’s 5-year return of 9521.85% is particularly striking, dwarfing the Sensex’s 72.37% gain over the same period. Even over a decade, the stock has delivered a remarkable 3309.43% return, far exceeding the Sensex’s 237.24%.

This sustained growth reflects the company’s ability to maintain competitive advantages and capitalise on sectoral trends within the Non - Ferrous Metals industry. The stock’s consistent outperformance relative to the Sensex across all measured time frames underscores its resilience and strong market positioning.

Mojo Grade and Market Capitalisation Insights

The recent upgrade in Mojo Grade from Sell to Hold, effective 1 Jan 2026, indicates a positive reassessment of Onix Solar Energy Ltd’s fundamentals and market outlook. The Mojo Score of 50.0 places the stock in a neutral zone, suggesting balanced risk and reward characteristics at present.

The market capitalisation grade of 4 reflects a mid-tier market cap status, which aligns with the company’s profile as a significant player within the Non - Ferrous Metals sector but not among the largest caps. This positioning may contribute to the stock’s dynamic price movements and strong relative performance.

Summary of Key Metrics

Onix Solar Energy Ltd’s stock price of Rs.687 represents a new all-time high, supported by a 21-day consecutive gain period with a 162.51% return. The stock outperformed the Sensex across all major time frames, including a 1-year gain of 124.44% versus the Sensex’s 8.33%. The sector gained 2.9% on the day, with the stock’s 2.00% gain slightly below this but well ahead of the Sensex’s -0.11% performance.

The stock’s technical indicators remain robust, trading above all key moving averages, and the recent Mojo Grade upgrade to Hold reflects improved market sentiment. These factors collectively highlight the company’s strong market position and the significance of this all-time high milestone.

Conclusion

Onix Solar Energy Ltd’s achievement of a new all-time high at Rs.687 marks a significant milestone in its market journey. The stock’s sustained gains, strong relative performance against benchmarks, and positive technical indicators demonstrate a well-established upward trend. This milestone reflects the company’s solid standing within the Non - Ferrous Metals sector and its ability to deliver substantial returns over both short and long-term horizons.

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