India successfully launched the Chandrayaan-3 mission to the moon on July 14, 2023. Chandrayaan-3’s lander module is expected to attempt soft landing on the moon on August 23, 2023. This landing involves the hard work of the Indian Space Research Organisation (ISRO) and many companies which are listed on the stock exchanges
Here are a few stocks to watch, as the Chandrayaan-3 prepares for landing:
Larsen & Toubro
Larsen & Toubro is a multinational conglomerate which provides engineering, procurement and construction (EPC) solutions in key sectors such as infrastructure, hydrocarbon, power, process industries and defence, information technology and financial services. According to reports, the company has provided several ground and flight components for the mission. Its shares were trading at ₹ 2674.65 apiece on Tuesday.
Hindustan Aeronautics
Hindustan Aeronautics is engaged in the business of manufacturing aircraft and helicopters and their repair and maintenance. According to reports, the public sector company has supplied components to the National Aerospace Laboratories (NAL), which prove to be instrumental in the mission. Its shares were trading at ₹ 3869.15 apiece.
Bharat Heavy Electricals
Bharat Heavy Electricals is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for sectors like power, transmission, industry, transportation, defence and so on. The company is said to have provided batteries and other components for the Chandrayaan missions. Its shares were trading at ₹ 103.15 apiece.
Paras Defence and Space Technologies
Paras Defence and Space Technologies is a private sector company that designs, develops, manufactures, and tests a variety of defence and space engineering products and solutions. The firm offers a variety of products and solutions for the defence and space sectors and is one of the key suppliers for the Chandrayaan missions. Its shares were trading at ₹ 684.70 apiece.
MTAR Technologies
MTAR Technologies is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries. The company was involved in the fabrication of the engine and the launch stage of the mission, according to reports. Its shares were trading at ₹ 2109.75 apiece.
Walchandnagar Industries
Walchandnagar Industries is a heavy engineering and project execution company and has diversified business offerings across core sectors with a focus on EPC/ turnkey projects, hi-tech manufacturing, engineering products and engineering services. It is said to have supplied components for the launch. Its shares were trading at ₹ 100.60 apiece.
Centum Electronics
Centum Electronics is involved in the design and manufacture of advanced microelectronics modules, frequency control products, printed circuit board assembly and resistor networks catering to the communications, military, aerospace, transportation and industrial electronics markets. The company is said to have been responsible for designing and manufacturing electrical systems and critical components for the mission. Its shares were trading at ₹ 1437.95 apiece.
Written by Simran Bafna
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