MTAR Tech, Paras Defence, L&T and other space stocks gain up to 10%. Here’s why

By Moneycontrol News

Space stocks rally

Stocks of space-related companies jumped up to 10% on Feb 22 after government approved changes to FDI policy in the space sector

Data Patterns (India)

CMP: Rs 2,245.25 | Day’s Gain: 8.97% A number of products for space applications are manufactured to customer designs, at Data Patterns’ ISRO approved manufacturing facility

MTAR Technologies

CMP: Rs 2,024.9 | Day’s Gain: 6.31% MTAR Tech manufactures liquid propulsion engines, cryogenic engines and electro-pneumatic modules to serve space launch vehicles.

Azad Engineering

CMP: Rs 1,216.35 | Day’s Gain: 5% Azad Engineering manufactures industrial aerospace standard fluid distribution parts,.

Apollo Microsystems

CMP: Rs 129.7 | Day’s Gain: 4.98% The company specializes in ground-based checkout for space applications and played a role in the Chandrayaan-3 project

Paras Defence and Space Technologies

CMP: Rs 745 | Day’s Gain: 2.43% The company offers a range of Products & Solutions for Defence and Space Applications.

Larsen and Tourbo

CMP: Rs 3,363 | Day’s Gain: 2.02% L&T has been working with ISRO for 50 years. Its aerospace wing supplied crucial components for Chandrayaan 3

Mishra Dhatu Nigam

CMP: Rs 444 | Day’s Gain: 9.9% Its materials are used from the first launch of ISRO till now. It will part of the Gaganyaan Mission.

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