Onix Solar Energy Ltd Hits New 52-Week High of Rs.599

Strong Momentum Drives Stock to New Heights

The stock opened the trading session with a 5% gap up at Rs.599 and maintained this level throughout the day, touching an intraday high of Rs.599. This price marks a significant increase from its 52-week low of Rs.160.05, representing a substantial appreciation of over 273% from the low point within the last year. The stock has been on a consistent upward trajectory, recording gains for 20 consecutive trading days and delivering an impressive 164.93% return during this period alone.

Onix Solar Energy Ltd’s performance today also outpaced its sector, outperforming the Non - Ferrous Metals sector by 3.66%. This outperformance highlights the stock’s relative strength amid a market environment where the broader Sensex index opened lower, down 121.96 points (-0.14%) at 85,640.05 and was trading marginally down by 0.06% at 85,710.08 during the session. The Sensex remains close to its own 52-week high, just 0.52% shy of 86,159.02, supported by bullish moving averages.

Technical Indicators Confirm Uptrend

From a technical perspective, Onix Solar Energy Ltd 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 signals a robust uptrend and strong buying interest over multiple time horizons. The stock’s ability to sustain levels above these averages further reinforces the positive momentum and investor confidence in its price action.

The stock’s market capitalisation grade stands at 4, reflecting a solid market presence within its category. Additionally, the company’s Mojo Score has improved to 50.0, with a recent upgrade in its Mojo Grade from Sell to Hold as of 1 January 2026. This upgrade indicates a stabilisation in the company’s fundamental and technical outlook, aligning with the recent price appreciation.

Comparative Performance Highlights

Over the past year, Onix Solar Energy Ltd has delivered a remarkable 124.39% return, significantly outpacing the Sensex’s 8.19% gain during the same period. This stark contrast emphasises the stock’s strong relative performance within the Indian equity market. The company’s sector, Non - Ferrous Metals, has seen varied performance, but Onix Solar’s gains have notably exceeded sector averages, reflecting company-specific factors driving investor interest and price appreciation.

The stock’s day change of 5.00% today further cements its position as a market leader within its segment. The sustained rally and the new 52-week high price point demonstrate the stock’s resilience and ability to attract sustained buying pressure despite broader market fluctuations.

Market Context and Sector Dynamics

While the Sensex opened lower, the broader market environment shows signs of strength, with small-cap stocks leading gains. The BSE Small Cap index recorded a gain of 0.14% today, indicating a favourable backdrop for smaller companies like Onix Solar Energy Ltd. The Sensex’s trading above its 50-day moving average, which itself is above the 200-day moving average, suggests a bullish market trend that supports continued momentum in select stocks.

Onix Solar’s ability to outperform both its sector and the broader market indices during this period highlights its strong market positioning and investor confidence in its business fundamentals and growth trajectory.

Summary of Key Metrics

To summarise, Onix Solar Energy Ltd’s stock price has reached Rs.599, its highest level in 52 weeks and all time. The stock has gained 164.93% over the last 20 trading days and 124.39% over the past year. It opened today with a 5% gap up and outperformed its sector by 3.66%. The stock trades above all major moving averages, signalling a strong technical uptrend. The Mojo Grade upgrade from Sell to Hold as of 1 January 2026 reflects an improved outlook, supported by a Mojo Score of 50.0 and a market cap grade of 4.

This milestone is a testament to the stock’s sustained momentum and robust performance relative to both its sector and the broader market indices.

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