Onix Solar Energy Ltd Hits Record High of Rs.628.95, Marking a Milestone in Stock Performance

Strong Momentum Drives Record Price

On 6 Jan 2026, Onix Solar Energy Ltd opened with a 5.00% gain, immediately setting the tone for a day of strong trading activity. The stock maintained this momentum throughout the session, touching an intraday high of Rs.628.95, which also stands as its 52-week peak. Notably, the stock traded consistently at this elevated price level, indicating firm investor confidence and demand.

The day’s performance saw Onix Solar outperform its sector by 3.12%, while the benchmark Sensex declined by 0.28%, highlighting the stock’s relative strength in a mixed market environment. This outperformance is further emphasised by the stock’s position above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained upward trend.

Exceptional Returns Over Multiple Periods

The stock’s recent trajectory has been nothing short of remarkable. Over the past 21 consecutive trading days, Onix Solar Energy Ltd has delivered a staggering 178.17% return, a testament to its strong upward momentum. This surge contrasts sharply with the Sensex’s negative 0.60% return over the same one-month period.

Looking at longer horizons, the stock’s performance remains robust. Over three months, it has appreciated by 111.91%, significantly outpacing the Sensex’s 4.16% gain. The one-year return stands at 124.42%, dwarfing the Sensex’s 9.28% increase. Year-to-date, the stock has risen 21.54%, while the Sensex has remained virtually flat with a -0.03% change.

Over extended periods, Onix Solar’s growth is even more pronounced. The three-year return is an extraordinary 945.64%, compared to the Sensex’s 42.23%. Over five years, the stock has surged by an exceptional 9,149.26%, vastly outperforming the Sensex’s 76.85%. Even on a decade-long basis, the stock’s 3,308.94% gain far exceeds the Sensex’s 235.34% appreciation.

Mojo Score and Market Capitalisation Insights

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

The upgrade in Mojo Grade suggests an improvement in the company’s overall financial and market metrics, aligning with the recent price appreciation and sustained positive momentum. This shift from Sell to Hold marks a notable change in the stock’s evaluation by MarketsMOJO, signalling enhanced stability and performance metrics.

Sector and Industry Context

Operating within the Non - Ferrous Metals industry and sector, Onix Solar Energy Ltd’s performance is particularly significant given the sector’s cyclical nature. The stock’s ability to outperform both its sector and the broader market indices over various timeframes highlights its resilience and strong market positioning.

Its consistent gains over short, medium, and long-term periods underscore a well-established growth trajectory, supported by favourable market conditions and company-specific factors that have driven investor interest and valuation expansion.

Technical Strength and Price Stability

The stock’s trading above all major moving averages confirms a strong technical foundation. This positioning often indicates sustained buying interest and a positive trend outlook. The fact that Onix Solar Energy Ltd has maintained its price above the 200-day moving average is particularly noteworthy, as this is a key indicator of long-term strength.

Additionally, the stock’s 21-day consecutive gains demonstrate a persistent upward momentum, which is rare and indicative of robust market support. The steady price appreciation without significant retracement suggests a well-supported rally, further reinforcing the stock’s current valuation levels.

Summary of Market Performance

In summary, Onix Solar Energy Ltd’s achievement of an all-time high at Rs.628.95 is the culmination of sustained strong performance across multiple timeframes and market conditions. The stock’s ability to outperform the Sensex and its sector peers consistently highlights its exceptional growth and resilience.

The upgrade in Mojo Grade from Sell to Hold, alongside a balanced Mojo Score of 50.0, reflects improved fundamentals and market perception. The company’s mid-tier Market Cap Grade of 4 further contextualises its standing within the industry.

Overall, the stock’s current position above all key moving averages and its record-breaking price level mark a significant milestone in its market journey, underscoring a period of remarkable growth and stability.

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