LT, HAL, BHEL to MTAR Tech: Experts recommend these stocks to buy today after Chandrayaan-3 landing

livemint.com:

Chandrayaan-3 landing: After successful landing of Chandrayaan-3 on south pole of moon, India has become fourth country in the world to achieve this feat after Russia, US and China. While it is a matter of pride for the entire nation, it has opened some avenue for revenue in future as well. According to experts, Chandrayaan-3 soft landing on moon is quite cheaper in comparison to other countries and it is going to enhance Indian contribution in global space market from around 3 per cent to the tune of 10 per cent in next decade.

They also said that around 13 listed Indian companies would be the major beneficiaries of this emerging business in space. Those companies include Larsen & Turbo (LT), Bharat Heavy Electricals Ltd (BHEL), Centrum Electronics, Hindustan Aeronautics Ltd (HAL), Linde India, Paras Defence, etc. However, Indian stock market experts also maintained that some defence stocks would also benefit from this successful Chandrayaan-3 soft landing on moon.

Expecting rise in India's contribution in global space economy, Mukesh Kochar, National Head - Wealth Management at AUM Capital said, "India currently contributes around 2-3% to the global space economy and it is expected to contribute around 8-10% in the next 8-10 years. This will establish India as a cost-effective satellite launcher and a global opportunity may emerge. Sectors like aerospace & defence will get a boost.

There are around 140 registered space startups in India. These startups should attract a lot of investments after the success of this remarkable journey. The budgetary allocation is also expected to increase going forward.