India's Chandrayaan 3 has created history by stepping on the moon and hoisting the tricolor. This success is not of one ISRO but of all the companies which have contributed in its construction. The special thing is that even before Chandrayaan set foot on the moon, 13 companies of the country had earned more than 20 thousand crore rupees. These are the companies, which are associated with aerospace business. It is clear that how much more their earnings are going to increase in the coming days.
In fact, these 13 companies have earned from the stock market of India. For about a week, there is an increase in the shares of these companies and due to which their market has also seen an increase. This means that even before Chandrayaan 3 stepped on the moon, the market cap of a dozen companies had increased by more than Rs 20,000 crore.
Increase of more than 20 thousand crore rupees
According to Bloomberg data, shares of 13 companies, which supply devices ranging from electronics components to metal gears used in rocket communication and navigation, added more than $ 2.5 billion in market cap this week, ie more than Rs 20 thousand crore. has increased. The Chandrayaan-3 rocket of the Indian Space Research Organization made a soft landing on the south pole of the Moon on Wednesday evening. India has become the only country in the world to do so.
How much increase in the stock of which company?
Among the spacecraft suppliers, industrial gas firm Linde India has benefited the most. During this period, the company's shares have seen a rise of 23 percent. Shares of Centum Electronics, which supplied critical modules and systems for the mission, rallied over 11 per cent. Satellite communication providers Avantel, whose customer is ISRO itself, has seen an increase of 12 percent in its shares.
What do experts say
Kranti Bathini, Strategist, Mumbai-based Wealthmills Securities Pvt Ltd, said participating in important projects like the Moon mission can open up opportunities for companies in this sector. He said, they can become a part of global projects in future and export their products and services.
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