Saishree Mohanty, Pune
In an electrifying dance of digits on the stock market stage, companies that played a vital role in India’s triumphant Chandrayaan mission are stealing the spotlight yet again. Like shooting stars, Centum Electronics, MTAR Tech, Midhani, and Paras Defence continue to dazzle investors with their meteoric rise.
Centum Electronics, the virtuoso of electronics system design and manufacturing, has been on a three-day crescendo, soaring an astonishing 20% before gracefully descending to a still impressive 10% surge. This captivating performance has resulted in a mesmerizing 25% uptick over just three trading sessions.
Paras Defence, not one to be outshone, pirouettes its way to an 11% encore after Wednesday’s 5.5% pirouette. This company’s stock has waltzed its way up in eight of the past nine trading sessions, reaching a resplendent 52-week high of Rs 842.
MTAR Tech, the maestro behind the Vikas Engines and other mission-critical components, graces the stage with an 8% encore, following Wednesday’s 4.8% standing ovation that broke a three-day silence. MTAR Tech’s management, in an exclusive interview with CNBC-TV18, revealed their symphonic contribution to Chandrayaan-3 and their harmonious revenue targets for the year.
Midhani, not to be outdone, claims its own spotlight with a 2% cameo, contributing to its celestial 35% surge over the past month. A true rising star, indeed!
As these visionary companies add a staggering Rs 1,891 crore to the cosmic constellation of market capitalization this week, their role in India’s space endeavors continues to shine like constellations against the night sky. Just as the Moon’s south pole beckoned Chandrayaan, these stocks beckon investors to a world where innovation and exploration yield astronomical returns.