Exploring the impact of the Chandrayaan-3 mission on the stock market. Swipe for more >>
ISRO's Chandrayaan-3 is all set to land on the moon on August 23, around 6:04 PM, creating history and making India the first country to land close to the lunar south pole of the moon.
140 Indian space start-ups poised to benefit from Chandrayaan's success momentum.
Several major companies like L&T, HAL, BHEL etc., were involved in the making of this one-of-a-kind project.
L&T provided the middle section and nozzle bucket flange to Chandrayaan-3 and since they announced their contribution the stock prices are up by 8%.
HAL also contributed with some crucial parts which led to their share prices jumping more than 1% since the launch.
BHEL made a significant contribution with the 100th battery for Chandrayaan-3; its share prices saw a significant move of over 10% since Chandrayan-3’s launch.
Paras Defence aided NSIL identify ISRO-developed tech commercialization. Their share prices have gained 3% since July 14th.
Centum Electronics has been instrumental in Indian space projects and have produced around 400 parts for them including Chandrayaan-3. Share prices since the launch have gained 10%.
MTAR played a critical role in engine and stage production; shares are up by 4% since July 14th.
Chandrayaan-3’s success may elevate tech stocks, inspire investor confidence, and influence government policy.