Onix Solar Energy Ltd Surges 27.60%: Key Technical Breakthroughs and Market Upgrades

29 December 2025: Week Opens with Strong 5% Gain

Onix Solar Energy Ltd started the week on a bullish note, closing at Rs.469.45, a 5.00% increase from the previous close of Rs.447.10. This gain came despite the Sensex declining 0.41% to 37,140.23, highlighting the stock’s early outperformance. The volume of 5,549 shares indicated steady investor interest as the stock began its upward trajectory.

30 December 2025: Momentum Builds with Another 5% Rise

The stock continued its strong run, advancing another 5.00% to close at Rs.492.90. This gain was achieved on increased volume of 7,176 shares, signalling growing market participation. The Sensex remained nearly flat, dipping marginally by 0.01% to 37,135.83, underscoring Onix Solar’s divergence from broader market trends.

31 December 2025: Year-End Rally Pushes Price Above Rs.500

On the final trading day of 2025, Onix Solar Energy Ltd surged 4.99% to Rs.517.50, supported by a significant volume increase to 16,743 shares. The Sensex rebounded with a 0.83% gain to 37,443.41, but the stock’s nearly 5% rise still outpaced the benchmark comfortably. This marked the sixth consecutive day of gains, reinforcing the stock’s strong momentum heading into the new year.

1 January 2026: New 52-Week and All-Time High at Rs.543.35; Mojo Grade Upgraded

Onix Solar Energy Ltd achieved a major milestone by hitting a new 52-week and all-time high of Rs.543.35, marking an intraday and closing gain of 5.00%. This price level represented a remarkable 239.6% increase from its 52-week low of Rs.160.05. The stock maintained this elevated price throughout the session, reflecting robust buying interest and technical strength.

Significantly, MarketsMOJO upgraded the company’s Mojo Grade from ‘Sell’ to ‘Hold’ on this day, citing improved technical indicators including a Golden Cross formation where the 50-day moving average crossed above the 200-day average. The upgrade was supported by bullish MACD and Bollinger Bands readings, although valuation metrics remained elevated with a P/E ratio of 773.29.

The Sensex also advanced 0.14% to 37,497.10, but Onix Solar’s 5.00% gain demonstrated clear outperformance. The stock’s 18-day consecutive gain streak culminated in a cumulative return of 140.31%, underscoring sustained investor confidence.

2 January 2026: Fresh 52-Week High at Rs.570.50 Caps Off Week

The stock extended its winning streak to 19 consecutive trading days, closing at a new 52-week and all-time high of Rs.570.50, a 5.00% gain on the day. This represented a cumulative 152.32% return over the 19-day period. The stock outperformed its Non-Ferrous Metals sector peers by 3.92% and the Sensex by 0.81%, which closed at 37,799.57.

Technical indicators remained strongly bullish, with the stock trading above all key moving averages (5, 20, 50, 100, and 200 days). The Mojo Score improved to 50.0 with a ‘Hold’ grade, reflecting a more balanced outlook amid mixed fundamentals. The company’s market capitalisation grade remained at 4, indicating a mid-tier valuation within its sector.

Despite the strong price momentum, valuation metrics such as a Price to Book Value of 179.3 and a PEG ratio of 5.9 suggest caution. The company’s financials show positive quarterly results and improving operational metrics, but long-term fundamentals remain challenged by operating losses and debt servicing issues.

Daily Price Comparison: Onix Solar Energy Ltd vs Sensex

Key Takeaways

Strong Price Momentum: Onix Solar Energy Ltd’s 27.60% weekly gain, driven by 5% daily increments, highlights exceptional momentum that dwarfed the Sensex’s 1.35% rise.

Technical Breakthroughs: The formation of a Golden Cross and sustained trading above all major moving averages signal a robust bullish trend supported by positive MACD and Bollinger Bands indicators.

Rating Upgrade: MarketsMOJO’s upgrade from ‘Sell’ to ‘Hold’ reflects improved technicals despite mixed fundamentals, signalling a more balanced risk-reward profile.

Valuation Caution: Elevated valuation metrics such as a P/E ratio of 773.29 and Price to Book of 179.3 suggest investors should remain cautious despite strong price gains.

Sector Leadership: The stock’s consistent outperformance versus the Non-Ferrous Metals sector peers and the Sensex underscores its leadership and resilience within a competitive industry.

Conclusion

Onix Solar Energy Ltd’s week was marked by a powerful rally culminating in new 52-week and all-time highs, supported by strong technical signals and an upgraded market rating. The stock’s 19-day consecutive gain streak and 152.32% return over this period demonstrate sustained investor confidence and momentum. While valuation remains stretched and fundamental challenges persist, the improved technical outlook and relative strength within its sector position Onix Solar as a notable market performer. Investors should balance optimism with caution, monitoring key technical levels and fundamental developments as the stock navigates this bullish phase.

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