You’ve probably heard of gifting sarees, jewellery, and other items to mothers, but how about a piece of the moon? Well, a Godavarikhani-based NRI woman did just that for her mother by investing in lunar land. On August 23, when Chandrayaan-3’s lander successfully touched down on the moon, Vakula Devi, the mother, received the official moon land registration documents. Sai Vignatha, Vakula Devi’s daughter, currently residing in the US and originally from Godavarikhani’s GM Colony, works as a project manager in Iowa’s governor Kimberly Kay Reynolds’ office. The lunar land registration process can be completed through a website associated with the ‘International Lunar Registry’ in New York.
Now, for ordinary salaried individuals like you and me, registering land on the moon remains a distant dream. However, we can certainly aspire to see our investments reach new heights.
Following Chandrayaan 3’s triumphant landing, the entire nation rejoiced. This successful mission not only elevated ISRO’s reputation but also brought the companies supplying components for the mission into the spotlight. So here’s an opportunity for you to aim for the stars with your savings by considering investments in these space-related stocks.
Larsen and Toubro (L&T)
L&T stock has performed well after the success of Chandrayaan 3. The stock price rose by about 10% on the day of the successful landing, and has continued to trade higher in the following days. As of the day of writing this article, the stock is trading at around Rs 2,750, which is about 4% higher than its price before the Chandrayaan 3 mission.
The positive sentiment for L&T stock is due to the company’s involvement in the Chandrayaan 3 mission. L&T was responsible for manufacturing the critical booster segments for the spacecraft, as well as the tracking radar used to monitor the launch vehicle. The successful landing of Chandrayaan 3 is a major achievement for India’s space program, and it is seen as a validation of L&T’s capabilities in the space sector.
In addition, the success of Chandrayaan 3 is expected to boost the demand for space-related products and services in India. This is likely to benefit L&T, which is a leading player in the Indian space industry.
Hindustan Aeronautics Limited (HAL)
Hindustan Aeronautics Limited (HAL) stock has also performed well after the success of Chandrayaan 3. The stock price rose by about 3% on the day of the successful landing, and has continued to trade higher in the following days. As of today, the stock is trading at around Rs 4,100, which is about 10% higher than its price before the Chandrayaan 3 mission.
The positive sentiment for HAL stock is due to the company’s involvement in the Chandrayaan 3 mission. HAL was responsible for developing and manufacturing the lander and key mechanical support equipment for the spacecraft. The successful landing of Chandrayaan 3 is a major achievement for India’s space program, and it is seen as a validation of HAL’s capabilities in the space sector.
In addition, the success of Chandrayaan 3 is expected to boost the demand for space-related products and services in India. This is likely to benefit HAL, which is a leading player in the Indian space industry.
Bharat Heavy Electricals Limited (BHEL)
Bharat Heavy Electricals Limited (BHEL) stock has not performed as well as L&T or HAL stock after the success of Chandrayaan 3. But the stock price did rise by about 2% on the day of the successful landing, but has since declined and is currently trading at around Rs 135. This is about 3% lower than its price before the Chandrayaan 3 mission.
There are a few reasons for the muted performance of BHEL stock. First, the company is not as directly involved in the space sector as L&T or HAL. BHEL’s main business is the manufacture of heavy electrical equipment, such as boilers, turbines, and generators. While the company does have some involvement in the space sector, it is not a major player.
Second, BHEL is currently facing some financial challenges. The company has been struggling to meet its debt obligations, and its profits have been declining in recent years. This has made investors cautious about investing in the company.
Finally, the overall stock market has been volatile in recent months, which has also contributed to the decline in BHEL stock.
Despite the recent decline, BHEL stock is still trading above its book value. This means that the company’s assets are worth more than its liabilities. In the long term, BHEL is a well-established company with a strong track record. However, investors should be aware of the company’s financial challenges before investing in the stock.
Paras Defence and Space Technologies
Paras Defence and Space Technologies stock has performed very well after the success of Chandrayaan 3. The stock price rose by about 17% on the day of the successful landing, and has continued to trade higher in the following days. As of today, the stock is trading at around Rs 842, which is about 61% higher than its price before the Chandrayaan 3 mission.
The positive sentiment for Paras Defence stock is due to the company’s involvement in the Chandrayaan 3 mission. Paras Defence supplied the navigation system for the spacecraft. The successful landing of Chandrayaan 3 is a major achievement for India’s space program, and it is seen as a validation of Paras Defence’s capabilities in the space sector.
In addition, the success of Chandrayaan 3 is expected to boost the demand for space-related products & services. This is likely to benefit Paras Defence, which is a leading player in the Indian space industry.
Overall, the performance of Paras Defence stock after the success of Chandrayaan 3 is very positive. The stock is likely to continue to trade higher in the near future, as investors bet on the company’s growth prospects in the space sector.
According to analyst recommendations, Paras Defence stock has a “Strong Buy” rating for the long term.
Godrej Aerospace Limited
Godrej Aerospace Limited (GAL) stock has not performed as well as other space-related stocks after the success of Chandrayaan 3. The stock price rose by about 7% on the day of the successful landing, but has since declined and is currently trading at around Rs 580. This is about 2% lower than its price before the Chandrayaan 3 mission.
There are a few reasons for the muted performance of GAL stock. First, the company is not as directly involved in the space sector as other companies, such as L&T, HAL, and Paras Defence. GAL’s main business is the manufacture of aerospace components, such as actuators, valves, and sensors. While the company does have some involvement in the space sector, it is not a major player.
Second, GAL is a relatively small company. It has a market capitalization of about Rs 1,000 crore, which is much smaller than the market capitalization of other space-related companies. This makes GAL less liquid, and it can be more difficult for investors to buy and sell the stock. Finally, the overall stock market has been volatile in recent months, which has also contributed to the decline in GAL stock.
Despite the recent decline, GAL stock is still trading above its book value. This means that the company’s assets are worth more than its liabilities. In the long term, GAL is a well-established company with a strong track record. However, investors should be aware of the company’s small size and the volatility of the stock market before investing in the stock.
According to analyst recommendations, GAL stock has a “Hold” rating for the long term. It is important to note that the stock market is volatile and past performance is not a guarantee of future results. Investors should always do their own research before making any investment decisions.
In addition, it is important to note that Godrej Aerospace Limited is not affiliated with Godrej Industries Limited. The two companies are separate entities.
Centum Electronics
Centum Electronics stock price rose by nearly 9% on the day of the successful landing of Chandrayaan-3 on the moon on August 24, 2023. The stock has continued to perform well in the following weeks, and as of September 7, 2023, it is up by over 270% in the past 12 months.
Centum Electronics is a leading electronic manufacturing services (EMS) company in India. It is a key supplier of electronic components and systems to the Indian Space Research Organisation (ISRO). The company played a critical role in the Chandrayaan-3 mission, supplying more than 200 mission-critical modules and systems.
The successful landing of Chandrayaan-3 has boosted investor confidence in Centum Electronics and other companies involved in the space sector. This is likely to continue to support the performance of Centum Electronics stock in the coming months and years.
Overall, the outlook for Centum Electronics stock is positive. The company is well-positioned to benefit from the growth of the Indian space sector, and it has a number of growth drivers in place.
Avantel
Avantel stock price rose by nearly 8.5% on the day of the successful landing of Chandrayaan-3 on the moon on August 24, 2023. However, the stock has since lost some of its gains and is currently trading around 5% higher than its pre-Chandrayaan-3 levels.
Avantel is a leading provider of satellite communications services in India. It is a subsidiary of Bharti Airtel, one of the largest telecom companies in India. Avantel played a key role in the Chandrayaan-3 mission, providing satellite communications services for the mission.
The successful landing of Chandrayaan-3 has boosted investor confidence in Avantel and other companies involved in the space sector. However, the stock price has also been affected by other factors, such as the overall performance of the Indian stock market and the ongoing global economic uncertainty.
Overall, the outlook for Avantel stock is positive. The company is well-positioned to benefit from the growth of the Indian space sector, and it has a number of growth drivers in place.
However, it is important to note that the stock market is volatile and past performance is not a guarantee of future results. Investors should always do their own research before making any investment decisions.
MTAR Technologies
MTAR Technologies stock price rose by nearly 10% on the day of the successful landing of Chandrayaan-3 on the moon on August 24, 2023. The stock has continued to perform well in the following weeks, and as of September 7, 2023, it is up by over 47% in the past 12 months.
MTAR Technologies is a leading supplier of aerospace components and systems to the Indian Space Research Organisation (ISRO). The company played a critical role in the Chandrayaan-3 mission, supplying the core parts of the rocket engines and core pumps of cryogenic engines required for take-off.
The successful landing of Chandrayaan-3 has boosted investor confidence in MTAR Technologies and other companies involved in the space sector. This is likely to continue to support the performance of MTAR Technologies stock in the coming months and years.
Overall, the outlook for MTAR Technologies stock is positive. The company is well-positioned to benefit from the growth of the Indian space sector, and it has a number of growth drivers in place.
Mishra Dhatu Nigam
Mishra Dhatu Nigam (MIDHANI) is a leading supplier of steel and iron products to the Indian Space Research Organisation (ISRO). The company played a critical role in the Chandrayaan-3 mission, supplying the heat shield for the Vikram lander.
MIDHANI stock price rose by nearly 12% on the day of the successful landing of Chandrayaan-3 on the moon on August 24, 2023. The stock has continued to perform well in the following weeks, and as of September 7, 2023, it is up by over 130% in the past 12 months.
The successful landing of Chandrayaan-3 has boosted investor confidence in MIDHANI and other companies involved in the space sector. This is likely to continue to support the performance of MIDHANI stock in the coming months and years.
Overall, the outlook for MIDHANI stock is positive. The company is well-positioned to benefit from the growth of the Indian space sector, and it has a number of growth drivers in place.
