Chandrayaan-3 Landing Impact: Shares of Paras Defense and Space Technologies, which deals in defense and space optics, defense electronics, heavy engineering, etc. and many companies working in similar space, have become rockets.
Chandrayaan-3 Landing Impact: After the successful landing of Chandrayaan-3, India has become the first country to investigate the unknown south pole of the Moon. Not only this, Dalal Street has also reached the moon. After the success of Chandrayaan-3, people got a lot of profit on their investments in the stock market. Even now these shares are in discussion for investing in the stock market. Shares of companies playing a role in ISRO’s moon mission rose up to 12% on Thursday. Actually investors got extra space to bet on India’s cosmic power.
“This should strengthen the ‘Make in India’ theme and open up the global rocket, launch and satellite markets for Indian players like L&T,” CLSA’s Bharat Parekh said, as reported by ET.
These stocks gained momentum after the success of Chandrayaan-3
Paras Defense & Space Technologies
After rallying 5% the previous day, the stock opened today up more than 12%.
MTAR Technologies
The company’s shares closed up 5% yesterday and climbed another 8% today.
Hindustan Aeronautics (HAL)
After closing yesterday up 3.6%, the stock gained another 1%.
Mishra Dhatu Nigam
After rallying more than 3% the previous day, the stock was up nearly 2% today.
BHEL
Shares of BEHL were trading up 1%.
L&L
The heavyweight stock has gained nearly 3% in 2 days.
Bharat Electronics
Today the stock was seen trading up 2%.
Centum Electronics
It rallied 14% yesterday and today hit a top with a further 10% gain.
Advance
Today this stock was seen trading up more than 8%.
Godrej Industries
Godrej Industries stock gained 7% yesterday and has since gained 3% today.
