Stocks linked to India's moon mission lift off

Paras Defence and Space Technologies

24/08/2023 05:11

** Shares of cos linked to the Indian space agency's moon
mission surge between 4%-18%, after the country landed its
spacecraft on the lunar south pole     
    ** Larsen & Toubro  LART.NS  and Centum Electronics
 CENT.NS , which supplied equipment, hit record highs
    ** Precision engineering firm MTAR Technologies  MTAR.NS ,
which counts ISRO among its clients, jumped as much as 10% to
its highest since Jan 5, 2022
    ** Paras Defence and Space Technologies  PRAF.NS  advanced
17.3%, while Indo National  INNL.NS , which supplied four
electronics components for the launch vehicle, jumped 5%    
    ** India on Wednesday made history as its Chandrayaan-3
lander successfully touched down on the moon's south pole,
thought to be a potential source of water and oxygen     
 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))