Onix Solar Energy Ltd Hits Record High of Rs.693.85, Marking a Milestone in Share Performance

Record-Breaking Price Movement

On 12 Jan 2026, Onix Solar Energy Ltd’s stock price surged to Rs.693.85, setting a fresh 52-week and all-time high. The stock opened at this peak price and maintained it throughout the trading session, closing with a 1.00% gain on the day. This performance outpaced the Sensex, which declined by 0.44% on the same day, although it slightly underperformed its sector, which advanced by 2.11%.

The stock’s upward momentum has been consistent, with a remarkable 21 consecutive days of gains. Over this period, Onix Solar Energy Ltd delivered a staggering 152.54% return, a testament to its strong market positioning and investor appeal within the Non - Ferrous Metals industry.

Comparative Performance Across Time Horizons

When analysed against the broader market benchmark, the Sensex, Onix Solar Energy Ltd’s performance stands out distinctly. Over the past week, the stock appreciated by 15.83%, while the Sensex declined by 2.62%. The one-month return was even more pronounced at 140.54%, compared to the Sensex’s 2.42% fall. Over three months, the stock gained 148.25%, significantly outperforming the Sensex’s modest 0.85% rise.

Longer-term returns further highlight the company’s sustained growth. Over one year, Onix Solar Energy Ltd’s stock price increased by 122.25%, dwarfing the Sensex’s 7.53% gain. Year-to-date, the stock has risen 34.08%, while the Sensex has declined by 2.37%. The three-year and five-year returns are particularly striking, with the stock appreciating by 1080.02% and 9617.79% respectively, compared to the Sensex’s 38.77% and 68.03% gains. Over a decade, the stock has delivered an extraordinary 3082.80% return, far exceeding the Sensex’s 237.11% growth.

Technical Indicators and Market Position

Onix Solar Energy Ltd is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates strong upward momentum and a bullish trend that has been sustained over various time frames. The stock’s ability to maintain prices above these critical levels reinforces its strength within the Non - Ferrous Metals sector.

The company’s market capitalisation grade stands at 4, reflecting a solid market presence. Additionally, the Mojo Score of 50.0 and a recent upgrade in Mojo Grade from Sell to Hold as of 01 Jan 2026 indicate a stabilising outlook based on MarketsMOJO’s comprehensive analysis framework.

Sector Context and Relative Strength

The Non - Ferrous Metals sector, in which Onix Solar Energy Ltd operates, has experienced a 2.11% gain on the day of the stock’s record high. Despite this sector-wide strength, Onix Solar Energy Ltd’s 1.00% daily gain was slightly below the sector average, yet it outperformed the broader market index. This suggests that while the sector is generally buoyant, the company’s stock has demonstrated resilience and consistent appreciation over an extended period.

Over the last year and beyond, the company’s stock has outpaced sector and market indices by a wide margin, highlighting its exceptional growth relative to peers. The stock’s ability to sustain gains over multiple time frames, including short-term, medium-term, and long-term horizons, underscores its robust fundamentals and market confidence.

Mojo Grade Upgrade and Market Sentiment

On 01 Jan 2026, MarketsMOJO upgraded Onix Solar Energy Ltd’s Mojo Grade from Sell to Hold, reflecting an improved assessment of the company’s financial health and market prospects. The Mojo Score of 50.0 places the stock in a neutral zone, indicating balanced risk and reward considerations. This upgrade aligns with the stock’s recent price appreciation and technical strength, signalling a stabilisation in sentiment after previous caution.

The market capitalisation grade of 4 further supports the company’s standing as a mid-sized entity within its sector, capable of delivering significant returns while maintaining a degree of liquidity and investor interest.

Summary of the Stock’s Journey to New Heights

Onix Solar Energy Ltd’s journey to its all-time high price of Rs.693.85 is characterised by sustained growth, strong technical indicators, and a significant outperformance relative to the Sensex and sector benchmarks. The stock’s 21-day consecutive gain streak and multi-year returns exceeding 1000% highlight a remarkable period of value creation for shareholders.

The company’s ability to maintain prices above all major moving averages signals continued investor confidence and technical strength. The recent Mojo Grade upgrade from Sell to Hold further reflects an improved fundamental outlook, while the market capitalisation grade of 4 indicates a solid market presence.

While the stock’s daily gain on the milestone day was modest relative to the sector, its long-term performance and resilience remain noteworthy. This achievement marks a significant milestone in Onix Solar Energy Ltd’s market history and underscores its position as a leading entity within the Non - Ferrous Metals sector.

Concluding Observations

Onix Solar Energy Ltd’s attainment of an all-time high price is a clear indicator of its strong market performance and sustained investor interest. The stock’s exceptional returns across multiple time frames, combined with favourable technical and fundamental metrics, illustrate a company that has successfully navigated market dynamics to deliver substantial value.

This milestone is a testament to the company’s robust growth and resilience within the competitive Non - Ferrous Metals sector, reflecting a well-established market position and consistent upward momentum.

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