Indian space-linked cos up on govt relaxing foreign investment rules

ideaForge Technology

22/02/2024 04:39

** Shares of most space technology firms up after Indian
govt on Wednesday relaxed some rules around foreign direct
investment in space sector
    ** MTAR Technologies  MTAR.NS , Paras Defence  PRAF.NS ,
Indo National  INNL.NS , Mishra Dhatu Nigam  MISR.NS , ideaForge
Technology  IDEF.NS  up between 0.2% and 8%
    ** IDEF, INNL were up roughly 2%-3%, before giving up most
gains
    ** Moon mission-linked stocks had gained on Aug. 23, 2023
ahead of landing attempt, and the next day after a successful
landing
    ** However, IDEF and INNL have declined between 6%-27% since
the moon landing, while most of the other stocks have risen


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Indian space-related stocks movement since moon landing    https://tmsnrt.rs/3T7XmKv
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 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))