Onix Solar Energy Ltd Achieves Remarkable 364.54% Annual Gain Amid Strong Buying Activity

Onix Solar Energy Ltd is currently witnessing significant buying activity, with the stock gaining 4.99% today, outperforming the Sensex, which rose only 0.19%. Over the past week, Onix Solar has increased by 5.88%, compared to the Sensex's 1.48% gain. The stock has shown remarkable performance over the last month, climbing 12.04%, while the Sensex has dipped by 0.41%.
In the last three months, Onix Solar has surged by an impressive 118.32%, contrasting sharply with the Sensex's decline of 0.77%. Year-to-date, the stock has risen 103.32%, significantly outpacing the Sensex's 4.21% increase. Over the past year, Onix Solar has delivered a staggering 364.54% return, while the Sensex has only managed a modest 1.24%.

The stock has been on a positive trajectory, gaining for two consecutive days with a total return of 10.24% during this period. Today, it reached an intraday high of Rs 468.95. Additionally, Onix Solar is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Factors contributing to this buying pressure may include positive market sentiment and robust performance metrics relative to the broader market.