Top Gainer Space Stocks:Chandrayan-3

Published : 23 August 2023

After a 40-day journey starting from the Sathish Dhawan Space Center in Sriharikota, the Indian Space Research Organisation’s (ISRO) Chandrayaan-3 mission is now preparing to land. If all goes well, the Vikram lander should make a soft lunar landing at 6.04 PM IST on August 23

Indian space industries surged expecting Chandrayaan-3's lunar touchdown on Wednesday, which might give the country's space program an additional boost.

According to data compiled by Bloomberg, the market value of the stocks of 13 companies that provide equipment ranging from electrical components to metal gears required in a rocket's communication and navigation have increased by more than $2.5 billion this week.

23%

Weekly Gain 

Market Cap

₹ 50757  Cr.

₹ 5923

CMP

Linde India is engaged in construction of cryogenic air separation plants that are used in machinery that operates in space (e.g. rockets and satellites)

11%

Weekly gain 

Market Cap

₹ 2121 Cr.

₹ 1648

CMP

Centum Electronics provided key essential modules and systems for the Chandrayaan-3 project.

12%

Market Cap

₹ 1906  Cr.

₹ 235.10

CMP

Avantel Ltd is a space communication provider.

Weekly gain 

3.3%

Market Cap

₹ 1,34,795 Cr.

₹ 4031.10

CMP

Hindustan Aeronautics Limited (HAL) developed Chandrayaan-3's Lander Module "Vikram,"

Weekly gain