Why is Onix Solar falling/rising?

Jul 10 2025 10:14 PM IST
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As of 10-Jul, Onix Solar Energy Ltd is priced at 386.95, down 1.99%. Despite a recent decline, the stock has shown strong long-term performance with a 302.44% increase over the past year and has outperformed the benchmark Sensex over the past week.
As of 10-Jul, Onix Solar Energy Ltd is currently priced at 386.95, reflecting a decrease of 7.85, or 1.99%. Today's price summary indicates that the stock has underperformed its sector by 1.57% and has experienced a trend reversal after six consecutive days of gains. Despite this recent decline, the stock has shown impressive returns over various periods, including a 302.44% increase over the past year and a staggering 1550.11% over the last three years. Positive financial results, such as a higher profit after tax and strong quarterly earnings, contribute to the stock's overall strong performance, although a recent drop in delivery volume suggests a decline in investor participation.

Broader market context shows that while Onix Solar has faced a short-term setback, it has significantly outperformed the benchmark Sensex over the past week, with a return of 5.97% compared to the benchmark's slight decline of 0.06%. This indicates that the stock's long-term growth trajectory remains robust, even as it experiences fluctuations in the short term. The liquidity of the stock remains adequate for trading, which may help stabilize its price in the face of recent declines.
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