The Chandrayaan-3 mission of the Indian Space Research Organization (ISRO), which successfully landed on the moon's surface on Wednesday, marked India's conquest of the Moon.
India became the first nation to land in the south polar area of the Moon and the fourth nation to accomplish the historic accomplishment of landing on the lunar surface, which was a huge step forward for the nation and its economy.
Several mentioned businesses that were involved in the Chandrayaan-3 mission at various points will likely be in the news tomorrow as a result of the accomplishment.
Considering stocks after the success of Chandrayaan-3
These businesses include Mishra Dhatu Nigam, Hindustan Aeronautics, Walchandnagar Industries, MTAR Technologies, Larsen & Toubro, and BHEL.Â
Santosh Meena, Head of Research at Swastika Investment Ltd., predicted a successful landing by saying, "The accomplishment of Chandrayaan-3's landing is poised to create a positive atmosphere for these firms, potentially leading to an upsurge in their stock values."
"While short-term benefits are anticipated, these businesses' long-term prospects are still positive generally. Investors are urged to stick to their shares and see any profit-taking as a chance for long-term involvement, the executive said.
However, it might not be wise for traders to chase these equities right away following the occurrence. Waiting for potential profit booking may provide better entry chances and is consistent with a tactical long-term investment strategy. Our top choices are HAL, L&T, and MTAR technologies, he continued.
The success of Chandrayaan-3 highlights hundreds more private space-tech start-ups in India in addition to the aforementioned listed firms.
Chandrayaan-3's ability to grow the Indian economy was previously covered by IndiaToday. Now that the nation has accomplished this amazing feat, analysts predict that it will provide the aerospace, space technology, and defense industries a huge boost.
One of the key turning points for India, according to Mukesh Kochar, National Head of Wealth Management at AUM Capital. India presently contributes about 2% to the global space economy, and in the next 8 to 10 years, it is anticipated to contribute about 8% to 10%.
