Onix Solar Energy Ltd Achieves 10-Day Winning Streak Amid Strong Price Gains

Onix Solar Energy Ltd is currently witnessing significant buying activity, with the stock gaining 2.00% today, contrasting sharply with the Sensex's decline of 0.69%. Over the past week, Onix Solar has surged by 10.38%, while the Sensex has remained nearly flat, down 0.17%. The stock's impressive performance continues over a longer horizon, with a remarkable 26.37% increase in the last month and an astounding 380.50% rise over the past year, significantly outperforming the Sensex, which has only gained 1.97% in the same period.
Notably, Onix Solar has been on a winning streak, achieving consecutive gains for the last 10 days, accumulating a total return of 21.82%. The stock opened today with a gap up of 2% at Rs 462 and reached an intraday high of Rs 462, maintaining this price throughout the trading session. Currently, it is just 2.11% away from its 52-week high of Rs 471.75. Onix Solar is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its market position.