Why is Onix Solar falling/rising?

Jul 02 2025 10:22 PM IST
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As of 02-Jul, Onix Solar Energy Ltd's stock price is at 358.00, having increased by 1.99%. Despite a recent decline in investor participation, the stock has shown strong long-term performance, with a year-to-date return of 55.21%, significantly outperforming the Sensex.
As of 02-Jul, Onix Solar Energy Ltd's stock price is currently at 358.00, reflecting an increase of 7.0 (1.99%). Today's price summary indicates that the stock has outperformed its sector by 2.56% and has experienced a trend reversal, gaining after three consecutive days of decline. The stock has shown impressive returns over various periods, including a 290.92% increase over the past year and a staggering 10306.98% over the last five years. Positive financial results reported in March, including the highest PAT, PBDIT, and PBT figures, contribute to the stock's favorable outlook, despite a recent decline in investor participation, as evidenced by a 47.37% drop in delivery volume compared to the five-day average.

In the broader market context, the stock's short-term performance over the past week shows a decline of 2.08%, contrasting with the Sensex, which has increased by 0.79%. However, the stock has significantly outperformed the benchmark over the longer term, with a year-to-date return of 55.21% compared to the Sensex's 6.75%. This strong performance relative to the benchmark, combined with consistent returns over the last three years, suggests that while there may be short-term fluctuations, the overall trend for Onix Solar remains positive.
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