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Top Stocks to Benefit from ISRO's Solar Mission - Aditya L1

Introduction:

After achieving a unique milestone of landing on the moon's southern pole, the Indian Space Research Organization (ISRO) has taken giant steps for another major feat. It successfully launched the Aditya L1 – India’s maiden solar mission – on 2 September 2023 from Sriharikota in Andhra Pradesh.

If everything goes right, the Aditya L1 is expected to provide the most crucial information about the sun’s coronal heating problem, coronal mass injection, pre-flare and flare activities, and space weather dynamics. The Aditya L1 is projected to reach its observation point in around four months and observe the sun’s upper atmosphere without being hindered by eclipses or occultations.

For stock market investors, the success of this mission provides an excellent opportunity to gain superficial returns by investing in the shares of companies in the space sector. Since launching the Aditya L1 mission, stocks of a few companies, including Larsen and Toubro (L&T), MTAR Technologies, and Mishra Dhatu Nigam Limited, have climbed to their 52-week high points.

Stocks to Benefit From Aditya L1 Solar Mission Of ISRO

You can invest in these stocks along with a few others with an investment horizon of four to six months to get good short-term returns. Read to learn more about these stocks.

1. Larsen and Toubro

Larsen and Toubro (LT) is an engineering, procurement, and construction firm. It operates in more than 50 countries across the globe. The shares of this company touched their 52-week high mark of Rs. 3,009.00 on 11 September 2023. The momentum in this stock is expected to continue for the next four to six months.

L&T has been associated with the ISRO for over fifty years, thanks to its expertise in hardware development for launch vehicles and deep space networks. Apart from the L1 mission, this company also played a crucial role in the recent success of the Chandrayaan-3 mission.

As of 15 September 2023, the shares of L&T were trading for Rs. 2,903.20 per share at the NSE and Rs. 2,902.00 per share at the BSE.

2. MTAR Technologies

MTAR Technologies is one of the leading precision engineering companies in India. It manufactures critical precision components required for projects of high national importance. The company supplies its products to civilian nuclear power, defence and aerospace, space, clean energy, and marine industries.

For the upcoming Aditya L1 mission, MTAR Technologies has provided hi-tech products for Geosynchronous Satellite Launch Vehicle (GSLV), including cryogenic engine sub-systems, liquid propulsion rocket engines, and electro-pneumatic modules.

The share price of MTAR Technologies rose to its 52-week high point of Rs. 2,920.35 on 7 September 2023. As of 15 September 2023, they were trading for Rs. 2,602.45 per share at the NSE and Rs. 2,597.90 per share at the BSE.

3. Mishra Dhatu Nigam

Mishra Dhatu Nigam Limited is a government-owned company under the Defence Ministry of India. It is engaged in the manufacturing of superalloys, titanium, steel for special purposes, and other metals. It also provides testing, evaluation, and consultancy services for chemical, mechanical, and magnetic analysis.

For the Aditya L1 mission, the company has supplied critical meta components required for the launch vehicle PSLV-C57. They include C-103 niobium alloy, superco 605 cobalt alloy, Ti-6AI-4V titanium alloy, and ultra-high-strength steel.

The shares of Mishra Dhatu Nigam Limited touched a 52-week high point of Rs. 447.95 on 11 September 2023. As of 15 September 2023, they were trading for 420.30 per share at the NSE and Rs. 420.10 per share at the BSE.

4. Bharat Heavy Electricals Limited (BHEL)

Bharat Heavy Electrical Limited (BHEL) is a state-owned engineering and manufacturing company. It caters to a range of industries, including thermal, gas, nuclear, transportation, defence, aerospace, power, renewables, oil, gas, and petrochemicals, among others.

For the Aditya L1 mission, the company supplied batteries for the propulsion and the rocket engines. Its Welding Research Institute (WRI) has supplied bi-metallic adaptors for the cryogenic stage of the mission.

BHEL’s shares touched their 52-week high of Rs. 148.90 on 8 September 2023. As of 15 September 2023, they traded for Rs. 127.60 per at the NSE.

To conclude

The Indian space sector is poised for extensive growth in the upcoming days, thanks to our hard-working scientists. As an investor, you can invest in the shares of associated companies to make exemplary returns. Apart from the ones mentioned above, you can also invest in shares like Hindustan Aeronautics, Walchandnagar Industries, Apollo Microsystems, and Paras Defence.

If you need a Demat account to invest in these shares, you can visit the Motilal Oswal website to open it for free.