Onix Solar Energy Ltd Achieves Remarkable 314.77% Growth Over Past Year

Onix Solar Energy Ltd is currently witnessing significant buying activity, with the stock showing a 1.99% increase today, contrasting with the Sensex's slight decline of 0.01%. Over the past week, Onix Solar has gained 6.06%, while the Sensex has decreased by 0.22%. The stock's performance over the last month is particularly noteworthy, with a remarkable 34.27% increase compared to the Sensex's modest rise of 1.50%.
In the longer term, Onix Solar has demonstrated exceptional growth, with a staggering 314.77% increase over the past year, significantly outperforming the Sensex, which rose by only 4.28%. Year-to-date, the stock has risen by 64.69%, while the Sensex has gained 6.76%. Over three years, Onix Solar's performance stands at an impressive 1599.55%, compared to the Sensex's 53.98%.

Despite a recent trend reversal after three consecutive days of gains, Onix Solar is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock opened with a gap up, reflecting positive market sentiment, and reached an intraday high, further highlighting the buying pressure.