Chandrayaan-3 mission: 13 space stocks rally; add $2.5 billion m-cap this week

India scripts history as Chandrayaan-3 made a successful landing on the moon. Ahead of this lunar touchdown, Indian space-sector companies rallied and added more than $ 2.5 billion in the market value this week, according to data compiled by Bloomberg.

This is expected to give a further boost to the nations space program. Linde India led the market among the spacecraft suppliers and saw a rise of more than 23% this week. Centum Electronics, which supplied critical modules and systems for the mission, advanced nearly 11%, while satellite communication provider Avantel, which counts ISRO among its customers, rose more than 12%.

Also Read: ISRO's Chandrayaan-3: Companies behind India's third moon mission

India now becomes the fourth country to successfully land on moon and the first country to reach the uncharted south pole of Earth's only natural satellite. The Chandrayaan-3 mission was one of the most cost-effective missions that was built at Rs 615 crore.