Paras Defence and Space Technologies, which specialises in defence and space optics, defence electronics, heavy engineering, etc. supplied the navigation system for Chandrayaan-3. After a 5% rally yesterday, the stock was up over 12% today.
Stocks of 13 companies that supply equipment ranging from electronics components to metal gears used in a rockets communication and navigation have added more than $2.5 billion in market value this week, according to data complied by Bloomberg.
Larsen & Toubro, Hindustan Aeronautics, Bharat Forge, Linde India, Centum Electronics, Avantel, and L&T Technology Services, all of which are in the business of supplying electronic components or engineering solutions to the aerospace sector, touched fresh 52-week highs in trade on Wednesday.
The 3 Best Space Stocks to Buy in August biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
The 3 Best Space Stocks to Buy in July biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.