Onix Solar Energy Ltd Hits New 52-Week High at Rs.660.35

Strong Momentum Drives Record High

On 7 Jan 2026, Onix Solar Energy Ltd opened at Rs.660.35, immediately registering a gain of 4.99% compared to the previous close. The stock maintained this level throughout the trading session, touching an intraday high of Rs.660.35, which represents its new 52-week and all-time peak. This price point is a remarkable advance from its 52-week low of Rs.160.05, highlighting a substantial appreciation of over 311% within the past year.

The stock has demonstrated consistent strength, recording gains for 21 consecutive trading days. Over this period, it has delivered an impressive total return of 178.16%, significantly outperforming the broader market and its sector peers. This sustained upward trajectory has been supported by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling robust technical strength.

Sector and Market Context

Operating within the Non - Ferrous Metals industry, Onix Solar Energy Ltd’s performance stands out amid a mixed market backdrop. On the same day, the Sensex opened lower at 84,620.40, down 442.94 points or 0.52%, and was trading marginally down by 0.09% at 84,985.43 during the session. Despite the broader market softness, Onix Solar Energy Ltd outperformed its sector by 4.49%, reflecting its relative resilience and investor focus.

The Sensex itself remains close to its 52-week high of 86,159.02, just 1.38% shy, and is trading above its 50-day moving average, which in turn is above the 200-day moving average, indicating a generally bullish market environment. Mid-cap stocks are leading the market gains, with the BSE Mid Cap index rising by 0.09%, further contextualising Onix Solar’s strong performance within a favourable mid-cap rally.

Mojo Score and Rating Upgrade

Onix Solar Energy Ltd currently holds a Mojo Score of 50.0, reflecting a balanced outlook on its market performance and fundamentals. Notably, the company’s Mojo Grade was upgraded from Sell to Hold as of 1 Jan 2026, signalling an improvement in its overall assessment. The stock’s market capitalisation grade stands at 4, indicating a moderate market cap relative to its peers within the Non - Ferrous Metals sector.

This upgrade aligns with the stock’s recent price action and technical indicators, which have shown marked improvement over the past months. The sustained rally and the new 52-week high reinforce the positive momentum that underpins this rating adjustment.

Price Performance Relative to Benchmarks

Over the past year, Onix Solar Energy Ltd has delivered a remarkable total return of 124.42%, vastly outperforming the Sensex’s 8.68% gain during the same period. This outperformance underscores the stock’s strong growth trajectory and its ability to generate significant shareholder value relative to the broader market.

The stock’s rise from Rs.160.05 to Rs.660.35 within 12 months represents a more than fourfold increase, a rare feat in the Non - Ferrous Metals sector. This price appreciation has been supported by consistent volume and positive technical signals, including the stock’s position above all major moving averages, which often act as dynamic support levels for sustained rallies.

Technical Indicators Confirm Strength

The stock’s trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages confirms a strong bullish trend across short, medium, and long-term timeframes. This alignment of moving averages is often interpreted as a positive signal by market participants, indicating sustained buying interest and momentum.

Additionally, the stock’s opening gap up of 4.99% on the day it hit the new high reflects strong demand and positive sentiment among traders. The absence of a trading range below the opening price during the session further emphasises the stock’s strength and the conviction behind the move.

Summary of Key Metrics

To summarise, Onix Solar Energy Ltd’s key performance indicators as of 7 Jan 2026 are:

• New 52-week and all-time high price: Rs.660.35


• Day’s gain: 4.99%


• Consecutive gain days: 21


• 21-day return: 178.16%


• 1-year return: 124.42%


• 52-week low: Rs.160.05


• Mojo Score: 50.0 (Hold rating, upgraded from Sell on 1 Jan 2026)


• Market Cap Grade: 4


• Outperformance vs sector today: 4.49%

These figures collectively illustrate a stock that has not only reached a significant price milestone but has done so with strong underlying momentum and technical validation.

Market Environment and Sector Positioning

While the broader market experienced a modest decline on the day, Onix Solar Energy Ltd’s outperformance highlights its relative strength within the Non - Ferrous Metals sector. The sector itself is positioned within a market environment where mid-cap stocks are leading gains, supported by positive technical trends in the Sensex index.

This context is important in understanding the stock’s performance, as it suggests that Onix Solar Energy Ltd is benefiting from both sector-specific factors and broader market dynamics that favour mid-cap and growth-oriented stocks.

Conclusion

Onix Solar Energy Ltd’s ascent to a new 52-week high of Rs.660.35 marks a notable achievement in its market journey. The stock’s sustained rally, supported by strong technical indicators and a recent upgrade in its Mojo Grade, reflects a period of robust performance within the Non - Ferrous Metals sector. With a 21-day consecutive gain streak and significant outperformance relative to the Sensex and its sector peers, Onix Solar Energy Ltd has established itself as a prominent performer in the current market cycle.

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