Onix Solar Energy Ltd Hits New 52-Week High at Rs.687

Record-Breaking Price Movement

On 9 Jan 2026, Onix Solar Energy Ltd’s stock price surged to Rs.687, setting a fresh 52-week high and surpassing all previous records. The stock opened the day with a 2.00% gain, maintaining this level throughout the trading session. Intraday, it touched Rs.687, reflecting a steady upward trajectory without significant price fluctuations during the day.

This new peak represents a substantial increase from its 52-week low of Rs.160.05, highlighting a remarkable appreciation of over 328% within the last year. The stock’s performance over the past 12 months has been exceptional, delivering a total return of 124.44%, significantly outperforming the Sensex’s 8.17% gain over the same period.

Consistent Uptrend and Moving Averages

Onix Solar Energy Ltd has demonstrated a persistent upward trend, recording gains for 21 consecutive trading days. This sustained rally has contributed to a cumulative return of 162.51% during this period, signalling strong buying interest and positive price momentum.

Technically, the stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of moving averages confirms the strength of the current uptrend and suggests broad-based support across multiple timeframes.

Sector and Market Context

The rally in Onix Solar Energy Ltd’s stock price has occurred amid a positive performance in the Non-Ferrous Metals sector, which gained 2.42% on the day. Despite the stock underperforming the sector slightly by 0.66% today, its overall momentum remains robust given the extended period of gains.

Meanwhile, the broader market has shown mixed signals. The Sensex opened 158.87 points lower and was trading at 83,944.31, down 0.28%. The index remains 2.64% below its own 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself is positioned above the 200-day moving average, indicating a longer-term positive trend despite short-term volatility.

Mojo Score and Rating Upgrade

Onix Solar Energy Ltd currently holds a Mojo Score of 50.0, reflecting a balanced outlook with a Hold grade. This represents an upgrade from its previous Sell rating, which was revised on 1 Jan 2026. The stock’s Market Cap Grade stands at 4, indicating a mid-tier market capitalisation relative to its peers in the Non-Ferrous Metals sector.

The upgrade in rating aligns with the stock’s strong price performance and sustained momentum, as well as its technical positioning above key moving averages. The Hold grade suggests that while the stock has demonstrated significant gains, it is currently assessed as fairly valued within its sector context.

Price Performance Relative to Benchmarks

Over the past year, Onix Solar Energy Ltd has outpaced the Sensex by a wide margin, delivering returns of 124.44% compared to the benchmark’s 8.17%. This outperformance is particularly notable given the broader market’s recent volatility and the Sensex’s position below its 50-day moving average.

The stock’s 21-day consecutive gain streak and 162.51% return during this period further underscore its exceptional momentum. This contrasts with the sector’s 2.42% gain on the day, highlighting Onix Solar’s leadership within the Non-Ferrous Metals industry.

Trading Range and Volatility

On 9 Jan 2026, the stock opened at Rs.687 and traded at this level throughout the session, indicating a lack of intraday volatility and strong price support. The absence of a trading range today suggests that buyers were willing to maintain the stock at its new high, reinforcing confidence in the current price level.

This stability at the peak price is a positive technical signal, often interpreted as consolidation before potential further price discovery, although this article refrains from speculation on future movements.

Summary of Key Metrics

To summarise, Onix Solar Energy Ltd’s key performance indicators as of 9 Jan 2026 are:

• New 52-week and all-time high price: Rs.687


• Consecutive gain days: 21


• Return over last 21 days: 162.51%


• One-year return: 124.44%


• 52-week low price: Rs.160.05


• Mojo Score: 50.0 (Hold grade, upgraded from Sell)


• Market Cap Grade: 4


• Sector performance today: +2.42%


• Sensex performance today: -0.28%

These figures illustrate the stock’s strong relative performance within its sector and the broader market, supported by technical strength and a positive rating revision.

Conclusion

Onix Solar Energy Ltd’s attainment of a new 52-week high at Rs.687 marks a significant milestone in its price journey, reflecting sustained investor confidence and robust market dynamics within the Non-Ferrous Metals sector. The stock’s consistent gains over the past three weeks, combined with its technical positioning above all major moving averages, underscore the strength of its current momentum. While the broader market has experienced some volatility, Onix Solar Energy Ltd has distinguished itself through exceptional returns and a recent upgrade in its Mojo rating, highlighting its noteworthy performance in the current market environment.

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